Bill > AB583

This bill establishes the state's financial contributions to the Public Employees' Benefits Program (PEBP) for active and retired public employees during the 2025-2027 fiscal biennium. For active state employees, the monthly state subsidy will be $991 in fiscal year 2025-2026 and $943 in fiscal year 2026-2027. For retired employees, the base monthly contribution will be $650 in fiscal year 2025-2026 and $700 in fiscal year 2026-2027. For retired employees with Medicare coverage, the monthly contribution varies based on retirement date: those who retired before January 1, 1994, will receive $195 per month, while those who retired on or after that date will receive $13 per month per year of service (up to 20 years), with a maximum of $260 per month. If the state's contribution exceeds the actual insurance premium, the remaining balance will be credited to the PEBP Fund. The bill is set to become effective on July 1, 2025, and aims to provide financial support for public employees' health insurance during the specified biennium.