2014 Indiana Code TITLE 5. STATE AND LOCAL ADMINISTRATION ARTICLE 10. PUBLIC EMPLOYEE BENEFITS CHAPTER 16. OPEB REPORTS
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IC 5-10-16
Chapter 16. OPEB Reports
IC 5-10-16-1
Application of chapter
Sec. 1. This chapter applies to a state agency that provides or
sponsors a post-employment benefit.
As added by P.L.138-2012, SEC.4.
IC 5-10-16-2
"GASB"
Sec. 2. As used in this chapter, "GASB" refers to the
Governmental Accounting Standards Board.
As added by P.L.138-2012, SEC.4.
IC 5-10-16-3
"OMB"
Sec. 3. As used in this chapter, "OMB" refers to the office of
management and budget established by IC 4-3-22-3.
As added by P.L.138-2012, SEC.4.
IC 5-10-16-4
"OPEB"
Sec. 4. As used in this chapter, "OPEB" refers to a
post-employment benefit.
As added by P.L.138-2012, SEC.4.
IC 5-10-16-5
"Post-employment benefit"
Sec. 5. As used in this chapter, "post-employment benefit" means
any of the following:
(1) Health, prescription drug, dental, vision, and life insurance
coverage for retired employees.
(2) Long term care coverage, life insurance, and death benefits
that are not offered as part of a pension or retirement plan.
(3) Long term disability insurance for employees.
(4) Any other benefit, other than a pension or retirement plan,
or a termination incentive, provided to a former employee.
As added by P.L.138-2012, SEC.4.
IC 5-10-16-6
"State agency"
Sec. 6. As used in this section, "state agency" has the meaning set
forth in IC 6-1.1-1-18.
As added by P.L.138-2012, SEC.4.
IC 5-10-16-7
OMB to prepare OPEB report for state agencies; GASB
Statements 43 and 45 information required
Sec. 7. Each state agency shall cooperate with the OMB and
provide to the OMB the information necessary for the OMB to
prepare an OPEB report for state agencies. Each state agency shall
provide information required under GASB Statements 43 and 45 and
any other information requested by the OMB or the budget
committee.
As added by P.L.138-2012, SEC.4.
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