GIC Commission Meeting - September 18, 2025

Group Insurance Commission · September 19, 2025

0:00/1:45

1:45:56

0:00

20:00

40:00

1:00:00

1:20:00

1:45:56

Opening and roll call introductions

Announcement

0:03 → 1:09(1m 7s)

Valerie Sullivan (chair) opened the September GIC meeting, named attending commissioners and staff, and reviewed housekeeping. She listed present commissioners including Vice Chair Bobby Kaplan and others and noted the meeting format (Zoom and livestream).

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At its September meeting, the Group Insurance Commission reviewed fiscal-year 2025 results showing large deficits driven in part by spending on GLP-1 weight-loss drugs, authorized limited enrollee trust fund use for IT and accessibility, and discussed options — including possible midyear benefit changes pending legislative authority — to close a roughly $77 million projected gap for FY26.

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Transcript

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