WA SB5086

Merges the separate Public Employees' Benefits Board (PEBB) and School Employees' Benefits Board (SEBB) into a single "Washington Employees and Retirees Benefits Board" effective January 1, 2027

Creates a 14-member consolidated board appointed by the governor, including representatives from state employees, retired employees, school employees (certificated and classified), and members with health benefits expertise

Combines the previously separate risk pools for state and school employees into a single community-rated risk pool for active employees and their dependents not eligible for Medicare

Maintains existing eligibility criteria: state employees working 80+ hours per month for more than six consecutive months; school employees anticipated to work 630+ hours per school year

Repeals 11 existing statutes governing the separate PEBB and SEBB programs, including provisions for board membership, eligibility determinations, and the federal employer incentive program