Plans That Stand Out, From Defined Benefits to Full Funding

Carvlin, Elizabeth
March 2006
Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p48
Trade Publication
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.


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