Being a non-legislative year, Nevada’s Interim Retirement and Benefits Committee met February 5 to Discuss All Things PERS and PEBP Related! RPEN was well represented at the meeting, and here are notes taken by Executive Director Terri Laird.
Notes from the PEBP Board Meeting held on November 21, 2019.
Notes from the PEBP Board meeting compiled by RPEN Executive Director Terri Laird
PEBP, Nevada’s Public Employees’ Benefits Program, is sponsoring Plan Year 2020 Open Enrollment meetings starting April 30 in Carson City and
concluding May 10 in Reno with several meeting dates in between…
RPEN regrets an error in our latest issue of the RPEN Review (Jan/Feb 2019) going into mail boxes this week (as of February 20, 2019) when we mistakenly picked up an old column from PEBP Executive Officer Damon Haycock under his “Health Matters” column. We are posting the correct “Health Matters” column here today so our members can see the latest information from PEBP.
Medicare retirees received some welcome news at the latest board meeting for the Public Employees’ Benefits Program (PEBP) when PEBP Executive Officer Damon Haycock announced the agency was looking at having abundant excess reserves yet again and recommended waiving a proposed administrative fee for Health Reimbursement Accounts and paying for their Life Insurance Premiums. In November the proposed $8.00 monthly cost of those two programs was deferred until March thanks to objection from RPEN’s Legislative Advocate Marlene Lockard. Lockard who has long reminded PEBP that the majority of the excess reserves originated when PEBP moved the Medicare retirees out of the program and into a Medicare Exchange. She has always said that move left millions of dollars on the table at PEBP and the proof was in the recurring excess reserves ever since. Haycock has often tried to dispute her assumption but it seems every time he suggests that reserves were going to be gone, they always seem to reappear at budget time.