Requesting the lieutenant governor and the speaker to create a joint interim committee to study the benefits, including health insurance, retirement programs, and other benefits, of active and retired state employees.
This measure could significantly shape the state laws governing employment benefits for state personnel. By directing a comprehensive study of current health and retirement benefits, HCR99 aims to assess their effectiveness and the feasibility of existing structures, such as the defined benefit plan. The findings of this study may lead to crucial adjustments in how Texas approaches the management of employee benefits, potentially modifying laws to better address both the financial sustainability of these benefits and the needs of state workers.
HCR99, also known as the Concurrent Resolution requesting the lieutenant governor and the speaker of the house, seeks the establishment of a joint interim committee to study the various benefits, particularly health insurance and retirement programs, that are crucial for active and retired state employees in Texas. This legislation arises from the recognition of the importance of competitive employment benefits in retaining a skilled workforce. The resolution emphasizes the impact of these benefits on both recruitment and retention of state employees, indicating that effective benefits attract a higher quality of candidates for state service.
Among the notable points of contention surrounding the resolution is the expected complexity of analyzing the existing benefits systems and the long-term liabilities associated with Other Post-Employment Benefits (OPEB). The bill invites scrutiny of how well current benefits align with the state's fiscal responsibilities while also promoting employee welfare. During discussions, there may be varied perspectives regarding the shift from traditional defined benefit plans towards defined contribution or hybrid plans, raising questions about adequate retirement income and risk management for employees.
The committee is required to submit a full report, with its findings and recommendations, by September 1, 2012, to the lieutenant governor, the speaker of the house, and the governor, indicating a structured approach to studying and ultimately reforming employee benefits.