SENATE STATE GOVERNMENT, WAGERING, TOURISM &
HISTORIC PRESERVATION COMMITTEE
STATEMENT TO
SENATE, No. 3851
STATE OF NEW JERSEY
DATED: DECEMBER 16, 2024
The Senate State Government, Wagering, Tourism & Historic
Preservation Committee reports favorably Senate Bill No. 3851.
This bill would make amendments to provisions of law adopted
by Assembly Bill No. A4999 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.