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State analyst outlines benefits costs, health insurance proposal and PERSI rates ahead of compensation decisions
Summary
Legislative Services Office staff briefed JFAC on the composition of employee benefits: health insurance, PERSI pension rates, and how benefits are budgeted per full-time position. The governor recommended a slightly higher per-FTP health appropriation to reduce reliance on plan reserves.
Frances Lippitt, budget and policy analyst with the Legislative Services Office, told the Joint Finance-Appropriations Committee that benefits account for about one-quarter of the state's personnel costs and described how health insurance and pension contributions are budgeted.
Lippitt summarized the package: health and dental insurance, pension contributions to the Public Employee Retirement System of Idaho (PERSI), Social Security and Medicare, life insurance, and workers compensation. "Benefits generally account for about a quarter of the state's overall personal…
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