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NV AB583
Bill
Status
5/28/2025
Primary Sponsor
Ways and Means
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AI Summary
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State's share of group insurance premiums for active state officers and employees set at $991 per month for FY 2025-2026 and $943 per month for FY 2026-2027
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Base subsidy for retired public employees participating in the Public Employees' Benefits Program set at $650 per month for FY 2025-2026 and $700 per month for FY 2026-2027
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Retirees on Medicare individual plans who retired before January 1, 1994 receive $195 per month subsidy for qualified medical expenses in both fiscal years
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Retirees on Medicare who retired on or after January 1, 1994 receive $13 per month per year of service (up to 20 years, maximum $260 per month) for qualified medical expenses
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Excess subsidy amounts above actual premiums are credited to the Fund for the Public Employees' Benefits Program to support other eligible participants
Legislative Description
Establishes for the 2025-2027 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-1230)
Last Action
Chapter 57. (Effective July 1, 2025)
5/28/2025