ERIC Number: ED429485
Record Type: Non-Journal
Publication Date: 1998-Jan
Reference Count: N/A
Systemwide Report on Value of Supplemental Pension Obligations and Cost of Post-Employment Benefits Other Than Pensions.
Oklahoma State Regents for Higher Education, Oklahoma City.
This report provides financial data on the value of obligations of any supplemental pension plans and the annual cost of any post-employment benefits for employees of state universities, colleges, and community colleges in Oklahoma. Attachment 1 summarizes information on supplemental pension plans that have been reported by state system institutions for the fiscal year (FY) ending June 30, 1997. Fifteen institutions reported having a supplemental plan, while 10 reported no information on any supplemental plan. This attachment also reports the amount of funding that seven institutions have reserved to meet their future obligations. Total supplemental pension obligations as of June 30, 1997, included $1,368,000 for the University of Oklahoma and Cameron University, $8,770,817 for Board of Regents of Oklahoma A&M Colleges, and $13,562,825 for the Board of Regents of Oklahoma Colleges. Attachment 2 summarizes the costs that 15 institutions have incurred in FY 1997 for post-employment benefits other than pensions. These benefits included the cost of medical and/or life insurance for retired employees and amounted to $2,238,395 during FY 1997. (MDM)
Publication Type: Numerical/Quantitative Data; Reports - Descriptive
Education Level: N/A
Authoring Institution: Oklahoma State Regents for Higher Education, Oklahoma City.