Permits Director of Division of Pensions and Benefits to initiate temporary transfer of funds in certain circumstances.

This bill allows the Director of the Division of Pensions and Benefits to temporarily transfer funds between two state health benefits funds when available funds fall below 10 days of anticipated payments. It directly affects the State Health Benefits Program, which covers New Jersey State employees, their dependents, and participating employers. The Director may transfer funds sufficient to cover up to 30 days of payments (based on six-month averages), with repayment required within 120 days (extendable up to 365 days total). The bill mandates monthly reporting to the State Treasurer on all transfers and balances to ensure transparency and timely repayment.