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Secretary of State Speaks to Dover on LGC Ruling



Secretary of State William Gardner was in Dover last night, speaking to around 100 people who had gathered to learn more about the ruling against the Local Government Center. The organization has been ordered to refund approximately $52 million to public employees, retirees and municipal members who bought LGC health or liability insurance in New Hampshire. Andru Volinsky, special counsel to the state Bureau of Securities Regulation, joined Gardner at the McConnell Center, and explained that the LGC must reorganize within 90 days, that required membership be discontinued, and to return $33.2 million in surplus funds, $3.1 million in property surplus and $37.1 million in workers' compensation and return ownership realty. The big question on citizen’s minds was when the money would be returned to the city. After two hours the question of when and exactly how much will be refunded was still not answered.

Filed Under :  
Topics : LaborPolitics
Social :
Locations : New Hampshire
People : William Gardner
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