SEBAC

AcronymDefinition
SEBACState Employees Bargaining Agent Coalition
SEBACSmall Environmental Business Action Coalition (Washington, DC)
SEBACSystem Employee Benefits Advisory Committee (Texas A&M University)
SEBACSchool Employees Benefits Advisory Council (Fairfax, VA)
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References in periodicals archive ?
The expected positive impact on the carrying cost metric in future years from pension and employee and retiree health care savings provided in the SEBAC agreement was partly offset by the state's new commitment to match the 3% employee contribution to the state's OPEB trust fund; this contribution totals $120 million in fiscal 2018.
The state's fiscal 2017 CAFR incorporated multiple pension liability assumption changes and the revised SEBAC agreement and resulted in a notable, although expected, boost in the net pension liability.
(1992) encontraron, en el reactor acoplado de su sistema denominado SEBAC, TMF de 21 dias con un residuo mayoritariamente celulosico y de 42 dias para un sistema con residuos industriales poco refinados, en operacion termofilica.
El sistema 1 RE-RE, registro una produccion total de biogas de 462,81; el metano total generado fue de 325,81 y el seudorrendimiento Y' de RE 1.2 fue de 0,1091 C[H.sub.4]/g-S[V.sub.introducidos], valor menor a los registrados en el SEBAC desarrollados por Chynoweth et al.
While achieving significant savings, the agreement somewhat reduces the state's operating flexibility, as it extends the length of the existing SEBAC agreement for pension and healthcare benefits from fiscal 2022 to fiscal 2027 and provides layoff protection through June 30, 2021 for existing employees.
Expected positive impact on the carrying cost metric in future years from pension and employee and retiree health care savings provided in the new SEBAC agreement is partly offset by the state's new commitment to match the 3% employee contribution to the state's OPEB trust fund; this contribution totals $120 million in fiscal 2018.
The recently approved SEBAC agreement increases employee pension contributions for all existing SERS members, revises the COLA formula and timing for post-2022 SERS retirees, and creates a new hybrid defined benefit/defined contribution retirement tier for all new SERS employees.
Notable policy actions in the enacted budget include personnel savings under the new SEBAC agreement for wages, pension, healthcare and OPEB, a suspension of sales tax revenue sharing with municipalities which is replaced by direct grants from the general fund, an increase in cigarette taxes, and an increase in the hospital provider tax to leverage additional federal Medicaid reimbursement that requires the pending assent of the federal government.