Jan 18, 2019

NAGE and Union Coalition Demand Information from GIC Regarding Surplus Funds

GIC Commissioners got a first look at the layout of plan design in FY20 at their January 17th meeting.  While we do not anticipate any major changes at this point, NAGE has been leading the charge with several other public-sector unions and the Mass Retirees Association to push for comprehensive legislative reforms at the GIC.  As part of our ongoing legislative advocacy efforts, we submitted a joint information request to the GIC prior to the January 17, meeting requesting information related to the expected GIC surplus as well as current balances in the GIC Trust Fund.
As the new legislative session gets underway, NAGE’s GIC legislative agenda includes:
  • Increasing Labors Voice (House Docket 3115, Representative Peter Capano)– adding two labor commissioners in seats currently held by members of the general public
  • Cost shift containment (Senate Docket 1299, Senator Paul Feeney) – advocating for statutory caps on out of pocket costs at $2,500 for an individual and $5,000 for a family, and earmarking surplus GIC funds to be transferred into the GIC trust fund to be used to pay cap overages.
  • Procurement (Senate Docket 1298, Senator Paul Feeney)– we have consistently heard from GIC administrators that one of the main reasons for the lack of bargaining clout with insurance companies is the state procurement process.  We are calling for a change in the states procurement law to allow for greater competition in the bidding process for greater cost containment year to year.
As the new session gets underway, NAGE has begun the process of meeting with legislative leadership as well as rank and file members to advocate for this ambitious agenda. Please check back for updates and information on how you can help move our GIC legislative agenda forward.


Please see the letter HERE.  

Only a life lived for others is a life worthwhile. - Albert Einstein
NAGE HEADQUARTERS 159 Burgin Parkway
Quincy, MA 02169
Main Phone: (617)376-0220
Main Fax: (617)984-5695
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