TITLE

Delaware's New Budget Targets OPEB Liabilities

AUTHOR(S)
Ackerman, Andrew
PUB. DATE
July 2006
SOURCE
Bond Buyer;7/5/2006, Vol. 357 Issue 32416, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the new operating budget for other post-employment benefits (OPEB) in Delaware. The $3.10 billion fiscal 2007 operating budget the state's General Assembly passed, pushes the state to target the costs it expects to face in the future for providing health care and other benefits to retired public employees. Under the budget, the state will fund its $3.9 billion in OPEB liabilities by diverting the equivalent of 0.3 percent of state employee payroll into a special trust fund.
ACCESSION #
21515709

 

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