TITLE

Plans That Stand Out, From Defined Benefits to Full Funding

AUTHOR(S)
Carvlin, Elizabeth
PUB. DATE
March 2006
SOURCE
Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p48
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article provides an overview of the fiscal condition of Nebraska. The state has offered its employees the chance to shift to a modified form of defined-benefit pension plan. According to Anna Sullivan, director of the Public Employees Retirement System, the Public School Employee plan is 85.6 percent funded to which the state made a $12.8 million contribution in 2006. Meanwhile, Governor Dave Heineman has launched a $421 million tax cut package that would reduce the state's general fund by about $7 million.
ACCESSION #
20409233

 

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