Is the current Plan Year 2009 being extended?
Yes. The PEBP Board voted to extend the current plan year (Plan Year 2009) from June 30, 2009 through October 31, 2009 (to a 16-month plan year). Why did the PEBP Board extend the current plan year from June 30th to October 31, 2009? This decision was made due to the current uncertainties regarding the State budget for the next biennium. PEBPs budget and the resulting subsidies for employees and retirees will probably not be known with any certainty until too late for the normal open enrollment process to occur in May 2009. Extending the current plan year allows for contribution rates to be set in late June when the final State subsidy amounts are known.
