[SABR-Coordinators] FW: POB Memo and E-mail

[E-mail listing for the SABRS Coordinators only]

Attached is a memo detailing the change to the Pension Obligation Bond (POB) rate in the State's payroll system.  During budget development, the CFO's office uses a fixed dollar amount which is spread out into agencies budgets while the actual collection of POB is accomplished as a percentage of payroll.  This POB rate change is simply updating the state system to allow for the collection of funds already built into agency budgets. The change to the POB rate should not create an unfunded increase in costs to your agency.  If you have any questions please contact Rhonda Nelson at 503-378-8927 or your CFO Analyst.


Dustin Ball
State of Oregon Chief Financial Office
(503) 378-3119

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