OPEB

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Other Postemployment Benefit (OPEB) Plans

The state administers the State Employee Other Postemployment Benefit Plan through
the State Post–Retirement Benefits Trust Fund, an irrevocable trust fund created in April 2007.

A separate Elected Official Other Postemployment Benefit Plan is provided for governors and legislators, and this plan is administered through the Elected Official Post-Retirement Benefits Trust Fund.

Both trust funds are irrevocable and legally protected from creditors.

The state legislature currently plans to contribute amounts to each trust fund that, at a minimum, is sufficient to fully fund the Actuarially Determined Contribution (ADC), an actuarially determined rate in accordance with the parameters of GASB statement 75 .

Download the September 2019 State of Utah Employee Other Postemployment Benefit Plan Actuarial Valuation (PDF)

Download the September 2019 State of Utah Elected Official Other Postemployment Benefit Plan Actuarial Valuation (PDF)