The bill outlines the Fiscal Year 2026 transfer schedule for the State Retiree Benefits Trust Fund, specifically designated for funding retiree health insurance benefits. The total allocation for the fund is set at $450,000,000. The schedule includes monthly transfer amounts for the fiscal year, detailing specific amounts for each month from September 2025 through June 2026.
Additionally, the bill introduces new legal language, including an "OT Schedule Summary" to provide clarity on the transfer amounts for each month. The monthly transfers are specified, with September 2025 starting at $141,133,323.64 and concluding with a total of $450,000,000.00 by June 2026. The bill emphasizes the importance of these transfers in supporting the health insurance benefits for state retirees.