Stephanie Azar, CEO of the State Employees’ Insurance Board, speaking to the board on Sept. 17, 2025, in the RSA building in Montgomery, Alabama. The board unanimously approved benefit changes and a withdrawal from the Retirees Trust Fund on Wednesday.(Anna Barrett/Alabama Reflector)
The State Employees’ Insurance Board (SEIB) Wednesday approved withdrawals from a trust fund and increases to certain deductibles and co-pays for state employees to address a deficit caused by increasing health care costs.
Under recommendations by CEO Stephanie Azar that the executive board approved earlier this month, the board withdrew $30.4 million from the Retiree Trust Fund for the remainder of fiscal year 2025, which ends in two weeks. Azar said the goal was to avoid a greater financial burden in FY26…