Skip to main content

How the "Other Post Employment Benefits (OPEB) Trust Fund" Works

$87 million is in this trust fund, $24.5 million from the State, $62.5 million from employees.

State begins matching employee contributions in 2017.

Fund to help pay for health benefits for state employees retiring on or after 7/22/11.

Health benefits for state employees who retired before 7/22/11 will be paid from general fund revenues.

No money has been withdrawn from this fund.

Fund expected to grow to $2 billion in ten years assuming no assets are withdrawn.

Click here for the State Treasurer Press Release.

Share This