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Introduced Version House Concurrent Resolution 8 History

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HOUSE CONCURRENT RESOLUTION NO. 88


(By Delegates Kominar, Paxton, Campbell, Shaver, Spencer, Anderson and Duke)


(Introduced March 8, 2010)




Requesting that the Joint Committee on Government and Finance authorize a study of the West Virginia Public Employees Insurance Agency and participating employer liabilities for other post employment benefits.

Whereas, The West Virginia Public Employees Insurance Agency estimated the actuarial accrued liability for other post employment benefits to be over $7 billion on June 30, 2009; and
Whereas, The West Virginia Public Employees Insurance Agency projects the actuarial accrued liability to be $7.8 billion and $8.7 billion for State Fiscal Years 2010 and 2011, respectively; and
Whereas, This liability is shared by all employers participating in the Public Employees Insurance Agency insurance pool, including state agencies, state colleges and universities, county school boards and many non-state employers; and
Whereas, This liability is chiefly comprised of the expected costs of perpetuating retiree healthcare subsidies and providing for the conversion of unused, accrued annual and sick leave into prepaid insurance premiums upon retirement; and
Whereas, Active plan participants also share in the cost of subsidizing retirees and leave conversion benefits, with differential or no leave conversion benefits and uncertain subsidy benefits for themselves; and
Whereas, Public retirees have fixed incomes and ever increasing healthcare needs; and
Whereas, Healthcare spending continues to grow much faster than the overall economy, with healthcare spending representing just 7.2% of Gross Domestic Product in 1965, 16% today and a projected 20% by 2016; and
Whereas, County boards of education have initiated legal action regarding the determination of their rightful portions of the liability; and
Whereas, Participating non-state employers take many forms and purposes, often having very dissimilar leave conversion policies, staffing and retirement patterns from most other plan employers, and their uniqueness has yet to be fully appreciated or quantified in actuarial valuations, allocations and analysis; and
Whereas, Actuarial information concerning these other post employment benefits is both enlightening and incomplete, especially with respect to the many major policy options that are currently under consideration; and
Whereas, Issues of cost and access to healthcare are undeniably matters of life and death, health and wealth to affected persons; and
Whereas, The taxpayers of West Virginia cannot afford to maintain the status quo with respect to these liabilities;
therefore, be it
Resolved by the Legislature of West Virginia:
That the Joint Committee on Government and Finance is hereby requested to aut
horize a study of the West Virginia Public Employees Insurance Agency and participating employer liabilities for other post employment benefits; and, be it
Further Resolved, That the Joint Committee on Government and Finance report to the Regular Session of the Legislature, 2011, on its findings, conclusions and recommendations, together with drafts of any legislation necessary to effectuate its recommendations; and, be it
Further Resolved, That the Legislative expenses necessary to conduct this study, to prepare a report and to draft necessary legislation be paid from legislative appropriations to the Joint Committee on Government and Finance.
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