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Bill

SD 2001

An Act relative to the Group Insurance Trust Fund

194th Legislature (2025-2026) Introduced by Paul Mark

Requires funds from the legislature and employee contributions to flow into the Group Insurance Trust Fund to fund GIC coverages for state employees and retirees.

House concurred
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Bill Summary · SD 2001

Summary: An Act Relative to the Group Insurance Trust Fund (SD 2001)

Overview

  • Bill number: SD 2001 (Senate Docket No. 2001)
  • Title: An Act relative to the Group Insurance Trust Fund
  • Status: House concurred (as of 2/27/2025)
  • Introduced: February 27, 2025
  • Classification: Proposed bill
  • Key date/timeline: Senate filed January 17, 2025 (Senate No. 1881). The House concurred on February 27, 2025 and referred to the Committee on Public Service.

Purpose and Intent

The bill advances a funding mechanism for the Commonwealth’s Group Insurance Commission (GIC) by mandating that certain funds be deposited into the Group Insurance Trust Fund (referred to in the text as the “group commission trust fund”) to provide the coverages offered by the Commission. The aim is to ensure that incentives, appropriations, and employee contributions are channeled into the dedicated fund that finances GIC coverages.

Key Provisions

  • Amendment to law: Section 8 of Chapter 32A of the General Laws is amended by inserting a new sentence after the last line of the first paragraph.
  • New provision (text): “Said funds appropriated by the legislature along with the contributions made by the active and retired employees shall be deposited into the group commission trust fund to provide the required coverages offered by the commission.”
  • Scope: The change contemplates both legislative appropriations and contributions from active and retired employees, directing these funds to the Group Insurance Trust Fund to support the coverages provided by the GIC.

Affected Parties and Impacts

  • Primary beneficiaries/participants: State employees and retirees enrolled in the Group Insurance Commission programs who are funded through the GIC.
  • Governance and budgeting: The provision clarifies and formalizes the flow of funds into the trust fund, potentially affecting budgeting processes, cash management, and the timing of deposits into the fund.
  • Operational impact: By directing appropriated dollars and employee contributions into the trust fund, the bill could influence how funds are allocated to cover benefits under GIC programs.

Procedural and Timeline Aspects

  • The bill has been advanced with House concurrence and is referred to the Committee on Public Service for further review.
  • It follows similar matter filings in prior sessions (e.g., Senate No. 1700 of 2023-2024), indicating ongoing interest in adjusting GIC funding structures.

Notes

  • The text uses the phrase “group commission trust fund,” which appears to correspond to the Group Insurance Trust Fund referenced in the bill’s title. If enacted, clarifying terminology and administrative references may be finalized during committee review. No specific dollar amounts or effective dates are provided in the available text.

Compiled from official sources — confirm details with the bill’s official record.

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