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Committee advances bill to transition retirement medical accounts, add state match
Summary
The committee unanimously passed SB 10 to implement a transition from the retirement medical benefits account (RIMBA) to a defined-contribution approach, add a dollar-for-dollar state match up to statutory caps, and permit certain elections during an open enrollment; the measure passed 12-0.
Senator Rogers presented Senate Bill 10, explaining the bill implements a plan required by prior legislation to transition the retirement medical benefits account (RIMBA) into a defined-contribution model intended to better serve employees who leave state service before full retirement eligibility.
The sponsor said the bill responds to workforce changes and the observation that roughly half of state employees never receive…
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