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Senate approves indexing for Employers Reinsurance Fund, sponsor says employer cost impact will be small
Summary
Senate Bill 13, intended to index the Employers Reinsurance Fund to maintain a $5 million floor and permit actuarially recommended adjustments, passed the Senate after sponsor testimony estimating a small employer cost increase and assurances the fund can only be used in limited ways.
Senate Bill 13, which would index the Employers Reinsurance Fund to preserve a $5 million target and authorize related technical changes, passed the Senate after sponsor remarks and floor questions.
Sponsor (Senator Tempest) said actuaries recommended indexing the fund “to keep it at $5,000,000” and…
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