From the Media

Trump thanks federal employees with $143.5 billion in retirement cuts

By Joe Davidson, Washington Post 

President Trump really knows how to say thank you.

Just as festivities geared up for Public Service Recognition Week, which began Sunday, his administration sent a letter to Congress proposing $143.5 billion in compensation cuts for federal employees. 

LEGIS, BAKER ACT TO SAVE RETIRED TEACHERS ON HEALTH INSURANCE

Urgent legislation required to spare a group of retired public employees, mostly teachers, from a spike in health care costs next year sped through the legislative chambers on Monday and Gov. Charlie Baker quickly signed his name to the bill he filed just over a week ago. The new law will merge roughly 10,000 retirees into the main pool of Group Insurance Commission members, enabling them to avoid cost spikes, according to the governor and GIC officials.

BILL POISED FOR FAST TRACK TO AVOID HEALTH INSURE $$$ SPIKE FOR RETIRED TEACHERS

By Matt Murphy
STATE HOUSE NEWS SERVICE

STATE HOUSE, BOSTON, MARCH 20, 2018....House and Senate leaders said Tuesday they will try to quickly pass a bill filed by Gov. Charlie Baker, perhaps as soon as this week, in an effort to avoid steep health insurance premium spikes for nearly 1,000 retired teachers and elderly government retirees.

Cigna to Buy Express Scripts in $52 Billion Health Care Deal

The health insurance giant Cigna said on Thursday that it had agreed to buy Express Scripts, the nation’s largest pharmacy benefit manager, in a $52 billion deal that could further reshape the roiling health care landscape.

The Real Reason the Investor Class Hates Pensions

By DAVID WEBBER, New York Times MARCH 5, 2018

No issue in America today better illustrates the divergent interests of working Americans and the 1 percent than pension reform. Substantial empirical evidence shows that America’s favored retirement vehicle — the 401(k), recently renounced by its own inventors — is grossly inadequate and will leave tens of millions of Americans with insufficient retirement assets.

After health-insurance controversy, most public workers to avoid large premium increases

After health-insurance controversy, most public workers to avoid large premium increases

By Priyanka Dayal McCluskey GLOBE STAFF  FEBRUARY 22, 2018

Massachusetts public employees and retirees received an unusual bit of good news from state officials Thursday: their health insurance premiums are not rising significantly — and costs for many will actually decrease.