PEEHIP board approves retiree trust withdrawal to close FY27 benefit gap

By: Anna Barrett

Outlets: Alabama Reflector

Published: June 5, 2026

Words: 641

Last Updated: 6 days, 20 hours ago

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The Public Education Employee Health Insurance Plan (PEEHIP) Board on Wednesday voted to withdraw money from its retiree trust fund after the Legislature approved a benefit funding level less than what the board requested.

PEEHIP currently provides $904 per member per month, an estimated $814.8 million, to the Education Trust Fund (ETF) budget. Amid rising healthcare costs, the PEEHIP board requested $1,209 per member per month, an estimated cost of $1.09 billion to …

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