TITLE

Legislators Allocate OPEB Payments, One Year at a Time

AUTHOR(S)
Scarchilli, Michael
PUB. DATE
March 2006
SOURCE
Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article provides an overview of the fiscal condition of New Hampshire. The state's payments to cover other post-employment benefits (OPEB) for retired employees are allocated by lawmakers as part of their annual appropriations decisions. The estimated OPEB liability of the state is $1 billion and its actuarial liability is $1.4 billion. Under Governor John H. Lynch's biennial budget for fiscal years 2006-2007, the state is required to contribute about $36 million to retirement funding in 2006 and about $37 million in 2007.
ACCESSION #
20409212

 

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