Political subdivisions and other public entities have the option to invest funds with the State Board of Investment (SBI) in the other post-employment benefits (OPEB) trust fund account administered by the PERA.
Eligibility
This option applies to a political subdivision or other public entity that creates or has created an actuarial liability to pay other post-employment benefits (OPEB) to employees or officers after their termination of service. The OPEB trust fund may be either revocable or irrevocable, and the assets may be administered by PERA, a bank, or an insurance company or agency. All money in the trust account will be invested by the State Board of Investment (SBI) in their Equity Index Fund, Fixed Income Fund, or Cash Management Fund.
The participating entity will select the account’s investments. Fund deposit and withdrawals will be processed by wire transfer or ACH. Each trade will be confirmed by email. PERA will reconcile all transactions, including investment gains and losses, with SBI and provide financial information at year end (and on demand) to the participating entity.
Initiate the Process
To establish an OPEB trust using PERA as the administrator, please sign and return two copies of the administrative account agreement and one copy of the contact information form below. We will then send you wiring instructions and a signed copy of the agreement.
