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Budget Recommendations

Executive Office for Administration and Finance

 
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