S 3166
Requires 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.
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Sign in to take action- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Bill overview
This bill requires the Division of Pensions and Benefits to provide reports to the State Health Benefits Commission (SHBC) about the financial status of the State Health Benefits Program (SHBP). Specifically, it mandates a report on available funds in the local government portion of SHBP before any funds are transferred from the state portion. Additionally, the bill requires monthly reporting on key assets and financial data within the SHBP, including cash balances, claims costs, and premiums collected.
Sponsors
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Primary sponsor
Nicholas Scutari
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