Enacts GS 143C-9-11 creating the Fund for State Employee Premium Stabilization (Fund) within the Department of State Treasurer. Consistent with the stated legislative intent, directs the State Treasurer to administer the Fund in consultation with the Office of State Human Resources to supplement State employee compensation to maintain the net income of State employees in the event of an increase in the monthly premiums required for participation in the State Health Plan. Directs the State Treasurer to adopt rules for the Fund's administration.
Directs the State Education Assistance Authority to transfer to the Fund $150 million from funds appropriated to the Opportunity Scholarship Grant Fund Reserve for 2025-26 for scholarship awards for the 2026-27 fiscal year.
Effective July 1, 2026.
Bill Summaries: S 987 LOWER HEALTHCARE COSTS.
Printer-friendly: Click to view
Tracking:
-
Bill S 987 (2025-2026)Summary date: Apr 30 2026 - View Summary
