Massachusetts S1700 amends the Group Insurance Trust Fund by changing how funds are deposited.
Massachusetts S1700 modifies the Group Insurance Trust Fund by altering the method of depositing funds. Specifically, it mandates that funds appropriated by the legislature, along with contributions from active and retired employees, be deposited into the group commission trust fund to cover required insurance offerings. This change aims to ensure the fund's proper management and utilization for the intended insurance coverages.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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