FY 2009 Other Post Employment Benefits Subsidy

This new subsidy is applied by the Statewide Payroll System as a percentage of the agency charge for Health Insurance Subsidy, Dental Subsidy and Pharmacy Subsidy.  This subsidy will be charged to agencies for Fiscal Year 2009 per the Department of Budget and Management.

* The OPEB Subsidy will not be charged for those individuals who are not eligible for or do not participate in any retirement or pension system.  Participants in the optional retirement systems will be charged a OPEB Subsidy which is one-half that for other eligible employees (8.33% versus 16.66%).  This is the budgeted rate for Fiscal Year 2009.