GIC Commission Meeting - December 19, 2024

Group Insurance Commission · December 19, 2024

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1:48:41

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1:48:41

Opening and roll call

0:06 → 1:37(1m 30s)

Chair Valerie Sullivan opened the commission meeting, welcomed virtual viewers and turned the meeting to General Counsel Andrew to announce attending commissioners; Andrew read an attendance list including the vice chair and multiple commissioners.

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The Group Insurance Commission voted to award its dental and vision contract to Altus and received a briefing from consultants and the CFO showing a preliminary FY26 full‑cost premium increase of about 10.5%, driven largely by GLP‑1 drug spending; staff reported FY25 is roughly $100 million over budget through November and the GIC is coordinating with the Administration on funding options.

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Transcript

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