House Sponsors: SLONE. Short description: WORKER BENEFIT SECURITY ACT Synopsis of Bill as introduced: Creates the Worker Benefit Security Act. Provides that a major employer must provide written notice to its affected employees at least 60 days before terminating or reducing any retirement or health care benefit. Effective 6 months after becoming law. FISCAL NOTE (CMS) CMS estimates that HB 1474 will increase Group Insurance ex- penditure by $180,000 per year. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status