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Martin O'Malley, Governor
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Ch. 355
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(ii) provide ongoing services to the Commission throughout its
existence;
(2) review the specific legal obligations of the State to provide retiree
health benefits to existing retirees, fully vested employees, active employees, and new
employees;
(3) study the cost drivers associated with the State's unfunded retiree
health care liabilities which provide the basis for the unfunded accrued liability that is
estimated to be as high as $20,400,000,000 as well as the ongoing normal costs
associated with the retiree health care liabilities;
(4) review the current health care benefit levels for both State
employees and retirees and how the benefits compare to benefits provided under
Medicare, by private employers, and by other public employers, with a particular
emphasis on whether the various levels are appropriate, equitable, and sustainable;
(5) review the eligibility requirements for State retiree health care
benefits with a particular emphasis on whether the requirements are appropriate and
equitable;
(6) review alternative vehicles for providing health care benefits to
State retirees including Voluntary Employee Beneficiary Accounts (VEBAs), Section
401(h) accounts, Section 115 trusts, health reimbursement arrangements, and health
savings accounts; and
(7) recommend a multiyear implementation plan to address fully
funding the obligations of the State as set forth in GASB Statement 45 as soon as
practicable.
(f) (1) The Commission shall be staffed by the Department of Legislative
Services.
(2) (i) The Department of Budget and Management shall provide
any information the Commission may require with regard to health care benefits and
health benefit costs for State employees and retirees.
(ii) If the Department of Budget and Management is unable to
provide the information requested by the Commission under subparagraph (i) of this
paragraph, the Commission may contract with an independent health care consulting
firm for assistance.
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- 2275 -
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