Requires Division of Pensions and Benefits to provide report on available funds in local government part of SHBP prior to transferring funds from State part of SHBP; requires monthly reporting on certain assets in SHBP.

This bill requires the Division of Pensions and Benefits to provide a detailed financial report to the State Health Benefits Commission before moving funds from the State portion of New Jersey's State Health Benefits Program (SHBP) to the local government portion. The report must include current fund balances, expected claims, and premium projections for the local fund. Additionally, it mandates monthly reports to the commission on both State and local SHBP funds, covering cash balances, claims costs, and premiums collected. These requirements aim to increase transparency and oversight of the program's financial operations for state and local government employees and retirees.