Public employees insurance program regulated, participation by certain school employers required, and money appropriated.

This bill establishes a new mandatory health insurance pool specifically for school employees in Minnesota, requiring certain school districts and charter schools to participate. It creates a Labor Management Committee composed of representatives from various teacher and administrator unions to oversee the program, approve changes to cost-sharing plans, and study issues like benefits and cost efficiency. The legislation also defines key terms such as "school employer" and "retired school employee" to clarify who is covered under the new system. Additionally, the bill provides funding and grants the state commissioner authority to manage the program's administration and offer specific coverage options.