summary
Introduced
01/17/2023
01/17/2023
In Committee
Crossed Over
Passed
Dead
03/18/2023
03/18/2023
Introduced Session
2023 Regular Session
Bill Summary
AN ACT 11 RELATING TO INSURANCE; AMENDING THE GROUP INSURANCE 12 CONTRIBUTIONS FOR SCHOOL DISTRICTS, CHARTER SCHOOLS AND 13 PARTICIPATING ENTITIES IN THE PUBLIC SCHOOL INSURANCE 14 AUTHORITY; MAKING AN APPROPRIATION. 15 16
AI Summary
This bill amends the law to require that school districts, charter schools, and participating entities in the Public School Insurance Authority (PSIA) contribute at least 80% of the cost of group insurance for all their employees, up from the previous tiered system based on employee salary. The bill also allows these entities to pay up to 100% of the first $50,000 of term life insurance for their employees. To fund the increased employer contributions, the bill appropriates $70.25 million from the general fund to the Public Education Department for distribution to school districts, charter schools, and PSIA participants in fiscal year 2024.
Committee Categories
Education
Sponsors (1)
Last Action
Sent to HEC - Referrals: HEC/HAFC (on 01/18/2023)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=36&year=23 |
| BillText | https://www.nmlegis.gov/Sessions/23%20Regular/bills/house/HB0036.pdf |
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