 |
| Executive Office for Administration and Finance |
| |
FISCAL YEAR 2007 RESOURCE SUMMARY ($000)
| DEPARTMENT |
FY 2007
Budgetary
Recommendations |
FY 2007
Federal, Trust,
and ISF |
FY 2007
Total
Spending |
FY 2007
Budgetary
Non-Tax Revenue |
|
| Group Insurance Commission |
1,038,652 |
998 |
1,039,650 |
166,710 |
|
| TOTAL |
1,038,652 |
998 |
1,039,650 |
166,710 |
| | | | Group Insurance Commission |
1,039,649,901 |
| |
|
Click here for outside sections related to: Group Insurance Commission |
| |
| Budgetary Direct Appropriations |
1,038,652,306 |
| Direct Appropriations |
|
| |
| Group Insurance Commission |
| | | 1108-5100 |
For the operation of the group insurance commission |
2,371,375 |
| |
| Group Insurance Premium and Plan Costs |
| | | 1108-5200 |
For the commonwealth's share of the group insurance premium and plan costs incurred in fiscal year 2007; provided, that the secretary of administration and finance shall charge all state agencies and authorities, as defined in section 1 of chapter 29 of the General Laws, which have federal or other funds allocated to them for that portion of insurance premium and plan costs as the secretary determines should be borne by such funds, and shall notify the comptroller of the amounts to be transferred from said funds, and amounts transferred or otherwise received in payment of all such charges shall be credited to the General Fund; provided further, that prior year costs incurred by all self-insured plans shall be funded from this item; provided further, that the group insurance commission shall obtain reimbursement for premium and administrative expenses from other agencies and authorities not funded by state appropriation; provided further, that notwithstanding the provisions of section 26 of chapter 29 of the General Laws, the commission is hereby authorized to negotiate, purchase, and execute contracts prior to July 1 of each year for policies of group insurance as authorized by chapter 32A of the General Laws; provided further, that notwithstanding the provisions of chapter 150E of the General Laws and as provided in section 8 of said chapter 32A and for the purposes of section 14 of said chapter 32A, the commonwealth's share of the group insurance premium for state employees who have retired on or before July 1, 1994, and who are age 65 or older shall be 90 per cent; provided further, that the commonwealth's share of the group insurance premium for state employees who have retired after July 1, 1994, and who are age 65 or older shall be 85 per cent; provided further, that the commonwealth’s share of the group insurance premium for state employees who have retired, are subject to section 18 of said chapter 32A, and are younger than 65 years of age shall be at the rates outlined above for individuals older than 65 years of age; provided further, that the commonwealth's share of the group insurance premium for state employees who have retired, are not subject to section 18 of said chapter 32A, and who are younger than 65 years of age shall be 75 per cent; and provided further, that the commonwealth's share of such premiums for active state employees and their dependents shall be 75 per cent |
955,602,732 |
| |
| Retired Governmental Employees Group Insurance Premiums |
| | | 1108-5350 |
For the cost of group insurance premiums for elderly governmental retirees |
1,103,128 |
| |
| Retired Municipal Teachers Group Insurance Premiums |
| | | 1108-5400 |
For the costs of group insurance premiums for retired municipal teachers and the audit of said premiums |
73,365,821 |
| |
| Group Insurance Dental and Vision Benefits |
| | | 1108-5500 |
For the provision of dental and vision benefits, notwithstanding the provisions of chapter 32A of the General Laws to the contrary, for those active employees of the commonwealth, not including employees of authorities and any other political subdivisions, who are not otherwise provided such benefits pursuant to a separate appropriation or the provisions of a contract or collective bargaining agreement; provided, that said employees shall pay 25 per cent of the monthly premium established by the commission for such benefits |
6,209,250 |
| |
| Trust and Other Spending |
997,595 |
| |
| 1120-2300 |
Basic Health and Optional Medicare Extension Insurance Rate Stabilization |
1,500 |
| |
| 1120-2611 |
Employees' Share of the Group Insurance Trust Fund |
164,870 |
| |
| 1120-3611 |
Group Insurance Trust Fund - Elderly |
50,000 |
| |
| 1120-5611 |
Accumulated Net Interest from Employees' Premiums |
781,225 |
|
|
