ASSEMBLY STATE AND LOCAL GOVERNMENT
COMMITTEE
STATEMENT TO
ASSEMBLY, No. 5039
STATE OF NEW JERSEY
DATED: DECEMBER 12, 2024
The Assembly State and Local Government Committee reports
favorably Assembly Bill No. 5039.
This bill would make amendments to provisions of law adopted by
Assembly Bill No.4999 or Senate Bill No. 3838 of 2024/2025.
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.