Agency: Administrative Services

Line Item: Finance - Mandated - OPEB

Function

The Legislature provided ongoing General Funds of $1,783,700 in the 2010 General Session to cover Other Post-Employment Benefits (OPEB) obligations beginning FY 2011 going forward. During the 2012 General Session, The Legislature amended the State Post-Retirement Benefits Trust Act and the Public Employees' Benefit and Insurance Program Act to eliminate post-retirement health benefits for new legislators and governors and to permit the investment of funds for existing post-retirement health benefits for legislators and governors. (Please see SB 156, "Elected Official Retirement Benefits Amendments", 2012 General Session, Utah State Legislature, http://le.utah.gov/~2012/bills/sbillenr/sb0156.pdf)

Funding Detail

For more detail about a particular source of finance or organizational unit, click a linked entry in the left column of the table(s) below.