Establishes a fund to prevent reductions in state employees' net income due to increased health plan premiums.

The bill creates the Fund for State Employee Premium Stabilization to ensure state employees' net income remains stable despite rising health plan premiums. It mandates the State Treasurer, in consultation with the Office of State Human Resources, to administer the fund. The State Education Assistance Authority must transfer $150 million from the Opportunity Scholarship Grant Fund Reserve to this new fund. The act takes effect July 1, 2026.

Establishes a fund to prevent reductions in state employees' net income due to increased health plan premiums.

The bill creates the Fund for State Employee Premium Stabilization to ensure state employees' net income remains stable despite rising health plan premiums. It mandates the State Treasurer, in consultation with the Office of State Human Resources, to administer the fund. The State Education Assistance Authority must transfer $150 million from the Opportunity Scholarship Grant Fund Reserve to this new fund. The act takes effect July 1, 2026.