Health Insurance Premiums for State Employees Enrolled in NYSHIP
As your constituent, I urge you to reject a proposal contained in the 2020-21 New York State Executive Budget that would increase health insurance premiums for state employees who are enrolled in NYSHIP and are planning to retire on or after Oct. 1, 2020.
Under this proposal, premium payments for such retirees would be based on years of service, and therefore, those with fewer years of service would pay more. An individual with a minimum of 10 years of service would pay the highest premium rate and then progressively pay less of a premium each additional year until they accrue 30 years of service. This proposal would adversely affect state employees with less than 30 years of service seeking retirement on or after Oct. 1, 2020.
People retire for several reasons (e.g., health problems, caring for family, layoffs, etc.) and saving for retirement can be very difficult, as many people live paycheck to paycheck. Some people feel they will be forced to work until they die because they cannot afford to retire. Moreover, health insurance premiums are rising faster than personal incomes, which is extremely problematic for those individuals considering retirement. If the proposal contained in the executive budget is enacted, state employees who may have planned to retire on or after Oct. 1, 2020, will not have enough time to mitigate the damages caused by this unexpected and significant increase in their health care premiums.
Again, I urge you to reject the executive budget proposal that would increase health insurance premiums for state employees enrolled in NYSHIP who plan to retire on or after Oct. 1, 2020.
Thank you for your consideration of this important matter. I respectfully ask that you bring up this issue with your conference and your leadership. I look forward to a reply to my letter.
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