Specifies that members of State Health Benefits Plan Design Committee and School Employees' Health Benefits Plan Design Committee have fiduciary duty.

This bill clarifies that members of the State Health Benefits Plan Design Committee and the School Employees' Health Benefits Plan Design Committee must act as fiduciaries, meaning they are legally required to manage health benefits plans with the highest level of care and loyalty to the participants. By explicitly stating this duty, the legislation ensures that these committee members, who include representatives from public employers and labor unions, prioritize the financial well-being of the plan over their own interests. The change applies to the officials responsible for designing and modifying various health care benefits, such as medical, dental, and vision coverage, for state and school employees. This provision aims to strengthen accountability within the committees without altering their existing composition or decision-making processes.