Title 29 — State Government
117 chapters · 889 sections in this title.
29 Del. C. § 5280. Definitions.
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§ 5280. Definitions. (a) “Board” means the Board of Pension Trustees established by § 8308 of this title. (b) “OPEB Fund” means the Other Post-Employment Benefits Fund established by § 5281 of this title.76 Del. Laws, c. 70, § 1;
29 Del. C. § 5281. Establishment of fund.
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§ 5281. Establishment of fund. (a) There shall be established an OPEB Fund, a trust fund, separate and distinct from the funds established under §§ 5541 and 5601 of this title and § 8393 of Title 11, to which state appropriations and other employer contributions shall be deposite…
29 Del. C. § 5282. Management of the OPEB Fund.
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§ 5282. Management of the OPEB Fund. (a) The Board shall serve as the Board of Trustees for the OPEB Fund, shall adopt a trust agreement for the OPEB Fund (and may amend the trust agreement from time to time), shall take all actions necessary and appropriate to establish and main…
29 Del. C. § 5283. Actuarial valuations.
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§ 5283. Actuarial valuations. (a) The actuary shall prepare an actuarial valuation of the assets and liabilities of the OPEB Fund as of June 30, each year. On the basis of reasonable actuarial assumptions and tables approved by the Board, the actuary shall determine: (1) The Stat…