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Inflation Adjustment
  • CPI: adjusts for changes in the cost of goods and services purchased by consumers
  • IPD: adjusts for changes in the cost of goods and services purchased by governments
  • Economic Growth: adjusts for changes in the size of the state economy (measured in terms of total personal income)
  • None: does not capture changes in the value of a dollar over time.
OPEB Funding 1599-6153

funding levels adjusted for inflation (cpi)

  • Funding History
  • Proposals
Adjusted for inflation (cpi) NOT adjusted
FY25 Gov$0$0
FY24$0$0
FY24 GAA$0$0
FY23$0$0
FY22$0$0
FY21$0$0
FY20$0$0
FY19$0$0
FY18 $0 $0
FY17 $0 $0
FY16 $0 $0
FY15 $0 $0
FY14 $0 $0
FY13 $0 $0
FY12 $0 $0
FY11 $0 $0
FY10 $0 $0
FY09$0$0
FY08 $0 $0
FY07 $0 $0
FY06 $0 $0
FY05 $0 $0
FY04 $0 $0
FY03 $0 $0
FY02 $0 $0
FY01 $0 $0

comparisons adjusted for inflation (cpi)

  • See Changes in Funding
Between and
Funding for OPEB Funding
N/A

comparisons adjusted for inflation (cpi)

Notes

  • From FY01-FY07, Group Insurance Premium and Plan Costs funded both active and retired state employee benefits. Starting in FY08, funding for health insurance for state retirees was partially funded through an operating transfer into the State Retiree Benefits Trust Fund. There was an additional reserve funding some costs in FY12, and starting in FY13, retiree costs were also funded by a "pre-budget" transfer into the trust fund of revenue from the tobacco Master Settlement Agreement. All of these are grouped together. Starting in FY15, instead of using the tobacco Master Settlement, the budget uses unexpended debt service appropriations to fund these costs, but notes that the settlement funds could be used if necessary.
Adjusted for inflation (cpi) NOT adjusted
FY24 Leg$0$0
FY24 Sen$0$0
FY24 SWM$0$0
FY24 Hou$0$0
FY24 HWM$0$0
FY24 Gov$0$0
FY23 GAA$0$0
FY23 SWM$0$0
FY23 Hou$0$0
FY23 HWM$0$0
FY23 Gov$0$0
FY22 GAA$0$0

Notes

  • From FY01-FY07, Group Insurance Premium and Plan Costs funded both active and retired state employee benefits. Starting in FY08, funding for health insurance for state retirees was partially funded through an operating transfer into the State Retiree Benefits Trust Fund. There was an additional reserve funding some costs in FY12, and starting in FY13, retiree costs were also funded by a "pre-budget" transfer into the trust fund of revenue from the tobacco Master Settlement Agreement. All of these are grouped together. Starting in FY15, instead of using the tobacco Master Settlement, the budget uses unexpended debt service appropriations to fund these costs, but notes that the settlement funds could be used if necessary.
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