Amendment lessens impact on older retired state employees
The House budget process continues on this week, with the Finance Committee set to vote on both the budget (HB 1) and the so-called trailer bill (HB 2). An area of concern in Gov. Chris Sununu’s budget was his proposal to jack up health care costs for Medicare-eligible retirees, some of whom have been retired for decades.
The Finance Committee last week made a change that would grandfather anyone born before Jan. 1, 1949 from having to pay a premium. The change isn’t all good, though. Any state retiree born on or after that date would have to pay at least a 10 percent premium on their health care; worse, those under 65 would see their premium increase from 17.5 percent to 20 percent.
We’re pleased the House has taken a step in the right direction, but we have to do better and the hope is that with better revenue projections to work from, we can further negate the impact of these changes. Thank you to all of the retirees and active employees who have called and email representatives. Your efforts have made a difference.
We’ll continue to keep you updated as the process continues.