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Senate hearing on SB 5086 examines consolidation of PEB and SEB boards and risk pools; fiscal note indeterminate, stakeholders divided
Summary
The Senate Ways & Means Committee held a public hearing on Senate Bill 5086, which would combine the Public Employees Benefit Board (PEB) and the School Employees Benefits Board (SEB) into a single Washington Employee and Retirees Benefit Board and merge active employees and non‑Medicare retirees into one risk pool.
The Senate Ways & Means Committee held a public hearing on Senate Bill 5086, which would combine the Public Employees Benefit Board (PEB) and the School Employees Benefits Board (SEB) into a single Washington Employee and Retirees Benefit Board (WERB) and merge active employees and non‑Medicare retirees into one risk pool.
Amanda Cecil, committee staff, summarized the bill and the Health Care Authority’s analysis. HCA staff told the committee the bill does not change statutory eligibility or the required benefit package but would expand board membership and consolidate rate‑setting and contracting functions. The fiscal note remains indeterminate because outcomes depend on enrollment and plan selection under a combined risk pool.
Why it matters: The proposal affects premiums and employer contributions for state agencies, school…
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