According to the RGJ,
state workers will see a slight decrease in the subsidy and an increase in deductibles. Those who retire after June 30, 2010 will have to work 15 years instead of 5 years to be eligible for benefits.
The Nevada Appeal is reporting the same.
Update: On the down side, the increase in years of service necessary to qualify for retirement benefits is something that we fear could make it harder for us to recruit mid-career faculty from other institutions. (The Boyd School of Law in particular built its excellent reputation largely through this strategy). People who come here for the final, say, 10 years of their career will not be able to qualify for retirement health benefits. The NFA is going to try to get this relatively small budget item reconsidered in the legislature or by the PEBP Board.