PEBP board hears actuarial warning on reserves, orders analyses on plan design and pharmacy costs The Public Employees Benefits Program Board was briefed on fiscal year 2025 experience and a retiree‑health (OPEB) valuation showing long‑term liabilities. After public comment urging reserve replenishment and protection of benefits, the board approved interim policy updates, extended two vendor contracts, accepted staff recommendations for how to処

The Public Employees Benefits Program Board faces a daunting $56 million reserve shortfall as they explore ways to stabilize benefits without cutting essential services.

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