New Jersey legislation · 2026-2027 Regular Session
New Jersey A5330: Div. of Pensions & Benefits-initiate temp transfer of funds, cert circumstances
Status: Signed into law, June 30, 2026
Permits Director of Division of Pensions and Benefits to initiate temporary transfer of funds in certain circumstances.
What the bill says
An Act concerning the School Employees Health Benefits Program and amending and supplementing P.L.2007, c.103. Jersey: 1. Section 39 of P.L.2007, c.103 (C.52:14-17.46.9) is amended to read as follows: 39. a. For each active covered employee and for the eligible dependents the employee may have enrolled at the employee's option, from funds appropriated therefor, the employer shall pay to the commission the premium or periodic charges for the benefits provided under the contract in amounts equal to the premium or periodic charges for the benefits provided under such a contract covering the empl.
From the chaptered text, June 30, 2026:
An Act concerning the School Employees Health Benefits Program and amending and supplementing P.L.2007, c.103. Jersey: 1. Section 39 of P.L.2007, c.103 (C.52:14-17.46.9) is amended to read as follows: 39. a. For each active covered employee and for the eligible dependents the employee may have enrolled at the employee's option, from funds appropriated therefor, the employer shall pay to the commission the premium or periodic charges for the benefits provided under the contract in amounts equal to the premium or periodic charges for the benefits provided under such a contract covering the employee and the employee's enrolled dependents. b. The obligations of any employer to pay the premium or periodic charges for health benefits coverage provided under the School Employees' Health Benefits Program Act, sections 31 through 41 of P.L.2007, c.103 (C.52:14-17.46.1 through C.52:14-17.46.11), may be determined by means of a binding collective negotiations agreement, including any agreement in force at the time the employer commences participation in the School Employees' Health Benefits Program. With respect to employees for whom there is no majority representative for collective negotiations purposes, the employer may, in its sole discretion, modify the respective payment obligations set forth in law for the employer and such employees in a manner consistent with the terms of any collective negotiations agreement binding on the employer. Commencing on the …