North Carolina: Asheboro legislator files ‘unfunded liability’ bill

State Rep. Pat Hurley (R-Randolph) introduced a bill Thursday to study ways state government might whittle down a massive hole in state employees’ Retire Health Benefit Fund.Her proposal, cosponsored with state Rep. Rena Turner (R-Iredell), would create a joint House-Senate committee to consider ways of whittling down the plan’s unfunded liability of about $30 billion.

The fund provides health care for retired state employees. The bill requires that the committee — with five members from each chamber — consider at least six options for narrowing the gap. Options range from increasing government contributions to requiring employees to contribute to the fund as they do to other retirement plans.The bill envisions the committee submitting a final report to the General Assembly next year. Titled “Study Unfunded Liability/Retiree Health Fund,” it’s similar to a bill that stalled in the 2016 session.

Source: Inside Scoop: Asheboro legislator files ‘unfunded liability’ bill | Blog: The Inside Scoop |

Author: Lisa the Infidel

I am an #Infidel - born and bred North Carolina.

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