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JFAC hears overview of state employee benefits: health insurance rate change and PERSI costs highlighted
Summary
Legislative analysts told JFAC that benefits are about a quarter of personnel costs; the governor proposed a per‑FTP health appropriation of $14,300 (the presentation cited a $56.6 million cost difference versus a lower actuarial target) and staff summarized current PERSI employer rates.
Frances Lippitt, a budget and policy analyst with the Legislative Services Office, told JFAC that employee benefits account for roughly one‑quarter of personnel costs and that health insurance is the largest single component of benefits.
Lippitt explained how the health insurance appropriation is budgeted per full‑time position (FTP) and how the recommended appropriation level balances planned premiums with the plan's reserves. "Using that balance as the…
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