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Bill > S3166
NJ S3166
NJ S3166Requires Division of Pensions and Benefits to provide report on available funds in local government part of SHBP prior to transferring funds from State part of SHBP; requires monthly reporting on certain assets in SHBP.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill would make amendments to provisions of law adopted by P.L.2024, c.86. This bill would require the Division of Pensions and Benefits to report to the State Health Benefits Commission (SHBC) on the claims payable, available fund balance, and anticipated premiums for the local part of the State Health Benefits Program (SHBP) prior to transferring funds from the State part of SHBP to such local parts. Beginning 30 days after the effective date of the bill, the division would also be required to report to the SHBC, on a monthly basis, the funds available in both the State and local parts of SHBP, including cash balances, claims costs incurred, and premiums collected.
AI Summary
This bill requires the Division of Pensions and Benefits to provide a report to the State Health Benefits Commission (SHBC) detailing the amount of money available to cover claims, the current fund balance, and expected premium costs for the local government portion of the State Health Benefits Program (SHBP) before any funds are transferred from the State's portion of the SHBP to the local portion. The SHBP is a program that provides health insurance to state and local government employees and retirees. Additionally, starting 30 days after the bill becomes law, the Division of Pensions and Benefits will be mandated to submit monthly reports to the SHBC on the financial status of both the State and local parts of the SHBP, including their cash balances, the costs of claims that have been incurred, and the premiums that have been collected.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 01/13/2026)
Official Document
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.njleg.state.nj.us/bill-search/2026/S3166 |
| BillText | https://pub.njleg.gov/Bills/2026/S3500/3166_I1.HTM |
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