SB 501 — Establishes for the 2023-2025 biennium the subsidies to be paid to the Public Employees' Benefits Program for insurance for certain active and retired public officers and employees. (BDR S-1209)

EXEMPTSenate S.B.Bill No.

501501–Committee SENATEon BILLNFinance OCHAPTER.......... .

501–COMMITTEE ON F INANCE M AY 18, 2023 ____________ Referred to Committee on Finance SUMMARY—Establishes for the 2023-2025 biennium the subsidies to be paid to the Public Employees’ Benefits Program for insurance for certain active and retired public officers and employees.

(BDR S-1209) FISCAL NOTE:

Effect on Local Government:

May have Fiscal Impact.

Effect on the State:

Executive Budget.

~ EXPLANATION – Matter in bolded italics is new;

matter between brackets [omitted material] is material to be omitted.

Under existing law, the State and local governments are required to pay a portion of the cost of coverage under the Public Employees’ Benefits Program for certain287.0445, active287.046) andSection retired1 publicof this bill establishes the amount of the State’s share of the costs of premiums or contributions for group insurance for active state officers and employees.employees who participate in the Public Employees’ Benefits Program.

(NRSSection 287.023,2 287.044, of thethis costsbill ofestablishes premiumsthe orbase contributionsamount for groupthe insuranceshare forof activethe statescosts shareof officerspremiums andor employeescontributions whofor participategroup ininsurance under the PublicProgram Employees’that Benefitsis Program.required employees.

Section 2 ofalso this bill establishes the base amount for the share of the costscost of premiumsqualified ormedical contributions for group insurance under the Program that is required to be paid by the State and local governments for retired public officers and expenses for individual Medicare insurance plans through the Program that isicalis required to be paid by the State and local governments for retired public officers and employees.

-EXPLANATION *SB501* – 2Matter –in THEbolded PEOPLEitalics OFis THEnew; STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

matter between brackets [omitted material] is material to be omitted.

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

Except as otherwise provided in subsection 2, for the purposes of NRS 287.023 and 287.046, the base amount for the - 82nd Session (2023) – 2 – share of the cost of premiums or contributions for group insurance for each person who has retired with state service and continues to participate in the Public Employees’ Benefits Program to be paid by the State or a local government, as applicable, is:

For the purposes of NRS 287.023 and 287.046, the share of the cost of qualified medical expenses for each person who has retired with state service and whose coverage is provided through the Public Employees’ Benefits Program by an individual medical U.S.C.plan offered pursuant to the Health Insurance for the Aged Act, 42 2024-2025 to be paid by the State or a local government, asl Year applicable, is:

§§ 1395 et seq., for Fiscal Year 2023-2024 and Fiscal Year2 2024-2025 to be paid by the State or a local government, as applicable, is:

(2) For the Fiscal Year 2024-2025, $13.00 per month per year of service, up to 20 years, excluding service purchased - *SB501* – 3 – pursuant to NRS 1A.310 or 286.300, up to a maximum of $260.00 per month.

This section applies retroactively from and after May 16, 202Sec.2023.

Sec.

H~~~~~ 23 - *SB501*82nd Session (2023)