An OPEB System is hereby established and placed under the management of the OPEB Board for the purpose of providing and administering OPEB Benefits for Retired Employees of the State of Rhode Island and their dependants under the provisions of chapter 36-12, entitled "Insurance Benefits", of this title, and for retired non-classified employees who are participants in the Board of Governors for Higher Education's alternate retirement plans. The OPEB System so created shall begin operation as of July 1, 2010. It shall have the power and privileges of a corporation and shall be known as the "Rhode Island State Employees' and Electing Teachers OPEB System" and by that name all of its business shall be transacted.
History of Section.
P.L. 2008, ch. 9, art. 4, § 3; P.L. 2009, ch. 5, art. 4, § 1.