summary
Introduced
02/16/2023
02/16/2023
In Committee
03/15/2023
03/15/2023
Crossed Over
03/04/2023
03/04/2023
Passed
03/16/2023
03/16/2023
Dead
Signed/Enacted/Adopted
03/30/2023
03/30/2023
Introduced Session
2023 Regular Session
Bill Summary
AN ACT RELATING TO THE PUBLIC PEACE, HEALTH, SAFETY AND WELFARE; AMENDING THE GROUP INSURANCE CONTRIBUTIONS FOR SCHOOL DISTRICTS, CHARTER SCHOOLS AND PARTICIPATING ENTITIES IN THE PUBLIC SCHOOL INSURANCE AUTHORITY.
AI Summary
This bill amends the existing law on group insurance contributions for state departments, institutions, and political subdivisions, as well as school districts, charter schools, and entities participating in the Public School Insurance Authority. It increases the group insurance contribution percentages for employees based on their annual salary, with higher contribution rates for lower-salaried employees. The bill also allows school districts, charter schools, and participating entities to contribute up to 100% of the cost of insurance for all employees, and permits them to pay up to 100% of the first $50,000 of term life insurance. The effective date of the bill is July 1, 2023.
Committee Categories
Budget and Finance, Education
Sponsors (1)
Last Action
Signed by Governor - Chapter 83 - Mar. 30 (on 03/30/2023)
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=533&year=23 |
| BillText | https://www.nmlegis.gov/Sessions/23%20Regular/final/HB0533.pdf |
| BillText | https://www.nmlegis.gov/Sessions/23%20Regular/bills/house/HB0533.pdf |
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