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JFAC briefing: state benefits account for roughly a quarter of personnel costs; governor recommends higher per-FTP health appropriation
Summary
Legislative analysts told the Joint Finance-Appropriations Committee that benefits comprise about 26.6% of personnel expenditures and described the governor—s recommendation to raise the health-insurance appropriated amount per full-time position to reduce reliance on reserves.
Frances Lippitt, a budget and policy analyst with the Legislative Services Office, told the Joint Finance-Appropriations Committee that the state—s employee benefits package makes up about a quarter of personnel costs and that health insurance is the single largest component.
Lippitt said benefits accounted for 26.6% of personnel cost expenditures in FY2024 and that health insurance represents nearly half of benefits spending. "Combining those, the state currently budgets 23% of an employee's salary for variable benefits," she said, summarizing how variable benefits (PERSI, Social Security, Medicare, life insurance and other items) are calculated as a share of…
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