A bill to pre-fund future pension and health insurance liabilities for state workers passed overwhelmingly in the House of Delegates last week in a 130-5 vote — and now waits in the Senate Budget and Tax Committee for a hearing. The bill, HB28, sponsored by Del. Carol Krimm, D-Frederick, would require 50% of the general fund balance in excess of $10 million be split equally between the pension system and the Postretirement Health Benefits Trust Fund, up to $25 million for each fund.
Recent Comments