NJ A4999

Authorizes the Director of the Division of Pensions and Benefits to temporarily transfer funds from the State employee health benefits fund to the local employer health benefits funds when available funds fall below a 10-day payment threshold

Limits temporary transfers to no more than 30 days of anticipated payments, including premiums, claims, and other periodic charges based on a six-month average

Requires reimbursement of transferred funds within 120 days, with possible extension up to an additional 365 days if the Director determines it necessary to ensure sufficient funding for local employer claims

Mandates the Director provide monthly accounting reports to the State Treasurer detailing all transfers, outstanding balances, repayments received, and current fund balances

Amends the State Health Benefits Program to create an exception allowing these inter-fund transfers, which were previously prohibited