Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate panel temporarily moves oversight of state employee benefits to finance board amid deficit
Summary
The Senate Governmental Affairs Committee passed SB 693 to dissolve the Employee Benefits Division (EBD) governing board and place temporary oversight with the State Board of Finance, a sponsor said, to address a multi‑million‑dollar shortfall while lawmakers pursue a long‑term governance fix.
Senator Jimmy Hickey, sponsor of Senate Bill 693, told the Senate Governmental Affairs Committee the measure would eliminate the Employee Benefits Division governing board and temporarily place authority under the State Board of Finance to address an immediate funding shortfall in state and public school employee insurance plans. “We put $43,000,000 … into the teacher's retirement or insurance fund” in the past, Hickey said, and now the plans face another large deficit.
Hickey described the legislation as a short‑term, procedural step to make…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
