Bill
Bill > A3878
NJ A3878
NJ A3878Requires 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, which permits the Director of the Division of Pension and Benefits to initiate a temporary transfer of funds under certain circumstances. 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 parts of the State Health Benefits Program (SHBP) prior to transferring funds from the State part of SHBP to such local parts.
AI Summary
This bill requires the Division of Pensions and Benefits to provide a report to the State Health Benefits Commission (SHBC) detailing the available funds, anticipated premiums, and claims payable for the local government portions of the State Health Benefits Program (SHBP) *before* any funds are transferred from the State's portion of the SHBP to those local parts. The SHBP is a program that provides health benefits to state and local government employees and their dependents. This bill also mandates that the Director of the Division of Pensions and Benefits must report to the State Treasurer and the SHBC on the 30th day of each month, providing a detailed accounting of any fund transfers made or anticipated in the previous month, outstanding balances from past transfers, repayments received, and the current balance of the health benefits funds. These changes amend a previous law that allowed for temporary fund transfers under specific circumstances when the health benefits funds were insufficient to cover anticipated payments.
Committee Categories
Government Affairs
Sponsors (2)
Last Action
Introduced, Referred to Assembly State and Local Government 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/A3878 |
| BillText | https://pub.njleg.gov/Bills/2026/A4000/3878_I1.HTM |
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