Public Employees' Benefits Program

Official name: PEBP - Public Employees' Benefits Program

Public Employees' Benefits Program spent $563 million in FY2026 — 99% of a $569 million budget. It is the fourth-largest of the state's 587 budget accounts: about $1 in every $44 of all state spending.

That is 10% more than in FY2025 ($511 million), not adjusted for inflation.

Spent FY2026: $563 million$563,280,736
Budget FY2026: $569 millionplus $121 million held in reserve
Share of budget spent: 99%Spent ÷ budget
Change from FY2025: +10.2%FY2025: $511 million

58.3% of Public Employees' Benefits Program spending.

Spent each year, FY2006 onwards · dashed line: budgetBudget account 1338, looked up by its code in every year.

Year

Compare with

Where the money went

Explore Public Employees' Benefits Program by category: select a block to go a level deeper, or switch views. Totals leave out reserves, pass-through accounts and money paid on to other state accounts.

Budget vs spent, by category

9 categories. The largest, State Employee Insurance Cost, accounts for 90% of the total.

Categories of Public Employees' Benefits Program, FY2026
Category	Spent FY2026	Budget FY2026	% of budget spent	Share
State Employee Insurance Cost40

Spent and budget each fiscal year
Fiscal year	Spent	Budget
FY2006	$211 million	Not available
FY2007	$252 million	Not available
FY2008	$284 million	Not available
FY2009	$335 million	Not available
FY2010	$349 million	$365 million
FY2011	$360 million	$378 million
FY2012	$293 million	$393 million
FY2013	$305 million	$394 million
FY2014	$320 million	$351 million
FY2015	$334 million	$369 million
FY2016	$344 million	$365 million
FY2017	$355 million	$385 million
FY2018	$365 million	$395 million
FY2019	$368 million	$383 million
FY2020	$389 million	$422 million
FY2021	$344 million	$424 million
FY2022	$394 million	$399 million
FY2023	$421 million	$416 million
FY2024	$366 million	$465 million
FY2025	$511 million	$505 million
FY2026	$563 million	$569 million
FY2027	See note	$621 million

State Medicare Ret Ins Cost44	$41.1 millionof $43.7 million	$43.7 million	94%	7.3%

Non State Employee Ins Cost42	$7.96 millionof $7.97 million	$7.97 million	100%	1.4%

Personnel Services01	$3.40 millionof $3.84 million	$3.84 million	89%	0.6%

Operating04	$2.70 millionof $3.23 million	$3.23 million	84%	0.5%

Information Services26	$120 thousandof $127 thousand	$127 thousand	95%	0.0%

Training30	$3.0 thousandof $4.6 thousand	$4.6 thousand	66%	0.0%

In-State Travel03	$2.8 thousandof $12.0 thousand	$12.0 thousand	23%	0.0%

Out-Of-State Travel02	None recordedof $1.7 thousand	$1.7 thousand	—	—

Spent each year by categories
Fiscal year	State Employee Insurance Cost	State Medicare Ret Ins Cost	Non State Employee Ins Cost	Personnel Services	Operating	Other (4)	Budget
FY2006	—	—	—	$1.90 million	$2.17 million	$177 thousand	—
FY2007	—	—	—	$2.02 million	$2.63 million	$116 thousand	—
FY2008	—	—	—	$2.13 million	$1.96 million

Funding sources by group and revenue ledger code, FY2026 budget
Group	Revenue ledger	Legislature approved	Current budget
Medicaid rebates and provider taxes	$44.6 million	$44.6 million
OF	4218 Ppo RX Rebates	$44.6 million	$44.6 million
Federal funds	$272 thousand	$272 thousand
FF	3817 Medicare Part D Subsidies	$272 thousand	$272 thousand
Everything else	$1.10 million	$1.10 million
OF	4326 Treasurer's Interest Distrib

Budget journey for FY2026: each step and the running total
Step	Amount	Running total
Governor recommended	$569 million	$569 million
Changes made by the Legislature	−$8.8 thousand= $569M	$569 million
Legislature approved	$569 million	$569 million
Money carried over from earlier years	−$21.9 million= $547M	$547 million
Other changes after the session	+$21.9 million= $569M	$569 million
Current budget	$569 million	$569 million

FY2009	—	—	—	$2.27 million	$2.03 million	$120 thousand	—

FY2010	—	—	—	$2.13 million	$2.13 million	$217 thousand	$365 million

FY2011	—	—	—	$2.11 million	$2.17 million	$143 thousand	$378 million

FY2012	—	—	—	$2.02 million	$1.93 million	$155 thousand	$393 million

FY2013	—	—	—	$2.12 million	$2.11 million	$137 thousand	$394 million

FY2014	—	—	—	$2.17 million	$1.95 million	$172 thousand	$351 million

FY2015	—	—	—	$2.09 million	$2.11 million	$175 thousand	$369 million

FY2016	—	—	—	$2.25 million	$2.16 million	$298 thousand	$365 million

FY2017	—	—	—	$2.25 million	$2.24 million	$249 thousand	$385 million

FY2018	$255 million	$18.0 million	$180 thousand	$2.45 million	$2.37 million	$519 thousand	$395 million

FY2019	$260 million	$20.9 million	$173 thousand	$2.71 million	$2.04 million	$545 thousand	$383 million

FY2020	$279 million	$19.7 million	$156 thousand	$2.59 million	$1.95 million	$329 thousand	$422 million

FY2021	$236 million	$17.7 million	$143 thousand	$2.24 million	$2.06 million	$252 thousand	$424 million

FY2022	$341 million	$39.1 million	$8.52 million	$2.37 million	$2.78 million	$201 thousand	$399 million

FY2023	$366 million	$38.9 million	$10.2 million	$2.48 million	$3.26 million	$279 thousand	$416 million

FY2024	$323 million	$32.6 million	$6.71 million	$2.13 million	$2.21 million	$62.6 thousand	$465 million

FY2025	$458 million	$40.7 million	$6.63 million	$3.35 million	$2.80 million	$96.9 thousand	$505 million

FY2026	$508 million	$41.1 million	$7.96 million	$3.40 million	$2.70 million	$126 thousand	$569 million

FY2027	—	—	—	—	—	—	$621 million

Moved between state accounts · not new money	$577 million	$577 million
IA	4325 State Subsidies	$440 million	$440 million
IA	4323 State Employee Premium	$110 million	$110 million
IA	4321 Non State Subsidy	$22.2 million	$22.2 million
IA	4319 Non State Retiree Premium	$5.02 million	$5.02 million

Moved between state accounts · not new money

4325 State Subsidies

4323 State Employee Premium

4321 Non State Subsidy

4319 Non State Retiree Premium

Carried over from last year · not new money	$88.8 million	$66.9 million
BF	2511 Balance Forward From Previous Year	$88.8 million	$66.9 million

Carried over from last year · not new money

2511 Balance Forward From Previous Year

Public Employees' Benefits Program

Where the money went

Budget vs spent, by category

Over time

Who pays for it

How the FY2026 budget got here

Notes