May 2005

Strong Push For Coalition Bargaining On Local Health Insurance

MAY 2005
- Dracut: Latest to Adopt Law - In several communities, a serious push is underway by retirees and
employees for the adoption of the local option law (Section 19 of
Chapter 32B), which allows for coalition bargaining on their health
insurance. Some of these efforts are producing positive results.

Double Digit Jump For GIC Insurance Rates

MAY 2005
- Medicare Extension Increase “Moderate” At 6.5% - Members, insured through the state's Group Insurance Commission
(GIC), can expect to experience a case of sticker shock at the newly
approved insurance rates for FY06. Beginning with their June 2005
pension check, many of the retirees and survivors, insured by the
state, will pay 14% more on average.

Concern Intensifies Over Mandate For Funding Future Health Benefits

MAY 2005
- GASB Deadline Approaching For The State - Although health insurance costs are a serious problem at all levels
of society, the public sector will be faced with another hot potato in
the not-too-distant future.

Joe Devlin Receives Boxers Award

MAY 2005
- Honored For Numerous Sponsorships - Members of our Association have diverse and at times intriguing
backgrounds. Member Joe Devlin falls into both of these categories.

Social Security Threat Looms

MAY 2005
- Retirement Officials Oppose Mandate - With the winds of change swirling around Washington on the issue of
Social Security, Massachusetts retirement officials are keeping a
watchful eye on developments in the nation's capitol. Even though the
fate of President Bush's plan to “reform” Social Security is yet to be
known, the danger of the state's mandatory inclusion in Social Security
is not something to be taken lightly.

WEP/GPO Repeal Gains Ground

MAY 2005
- Now Supported By Majority In House - Legislation that would repeal both the Windfall Elimination Provision
(WEP) and the Government Pension Offset (GPO) has quickly gained the
support of a majority of members of the US House of Representatives.

Springfield's Finance Control Board Flexes Muscle

MAY 2005
- Springfield's Finance Control Board, appointed by Governor Romney to
oversee the embattled city's fiscal crisis, has targeted the
Springfield Retirement Board's investment record as part of the city's
problem.

Joint Ways And Means Hearings Held

MAY 2005
- Kick-Off '05-'06 Legislative Session - After a series of joint hearings throughout the Commonwealth, the
combined House and Senate Committees on Ways and Means returned to the
State House for their final joint session on March 14.

New Leaders For Public Service Committee

MAY 2005
- Buoniconti and Kaufman: Two Voices For Public Retirees - In making key committee assignments for the 2004-2005 legislative
session, Senate President Robert Travaglini and House Speaker Salvatore
DiMasi have named Senator Stephen Buoniconti (D-W. Springfield) and
Representative Jay Kaufman (D-Lexington) to chair the key Joint
Committee on Public Service.

Retired Franklin Teachers Fight To Stay In State's Insurance Plan

MAY 2005
- Retired teachers of the town of Franklin are in danger of losing
their health insurance coverage under the Commonwealth's Retired
Municipal Teachers (RMT) plan and instead being forced to join the Town
of Franklin plan.