Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is the Public Employees Benefits Program financially solvent (can PEBP pay its bills)?

April 26, 2017Benefits bills employees financially pay pebp program public solvent

0

Posted

Is the Public Employees Benefits Program financially solvent (can PEBP pay its bills)?

1 Answer

0

Posted

Yes, the Program is fully solvent. The Program can pay all of its liabilities and has a fully funded reserve.The current proposed decreases in benefits and subsidization rates are due to the Governors request to keep subsidy levels flat over the next two years despite medical inflation rates. The proposed changes will maintain required reserve levels and plan solvency. For further details regarding the financial status of the Program see the Financial Information page or select the Staying Informed link in the menu at the top of the page.