New Jersey A5330 allows the Director of the Division of Pensions and Benefits to transfer funds temporarily if the health benefits fund for active.
New Jersey A5330 establishes a mechanism to ensure that the health benefits fund for active education employees and their dependents has sufficient funds to cover anticipated payments. If the available funds fall below a level that can cover 10 days of anticipated payments, the Director of the Division of Pensions and Benefits is permitted to initiate a temporary transfer of available funds from the health benefits fund for qualified local education retirees and their dependents.
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