Other Postemployment Benefits (OPEB)
Provided as part of an employee’s pension. Many public employees earn benefits over their years of service that they do not receive until after their government employment ends. While pensions are the most common of these, other postemployment benefits generally include combinations of health, dental, vision, and life insurances. These are provided to eligible retirees and sometime to their beneficiaries, and as a group, are referred to as OPEB. An approach to education where the focus is on clearly defined learning outcomes – what students should know and be able to do at the end of a learning experience. It shifts the emphasis from what is taught to what students actually learn and achieve. OBE is characterized by its student-centered approach, where learning is tailored to individual needs and goals, and it emphasizes practical and experiential learning. A vote by a community at an election to permanently increase the levy limit. An override vote may increase the levy limit no higher than the levy ceiling. The override question on the election ballot must state a purpose for the override and the dollar amount. A retirement plan whereby persons leaving service in the educational system because of age, disability, or length of service receive payments. A plan of activities and procedures designed to accomplish a predetermined objective or set of objectives. A state law enacted in 1980, Proposition 2½ regulates local property tax administration and limits the amount of revenue a city or town may raise from local property taxes each year to fund municipal operations. An official document or form authorizing the purchase of products and services. An expectation of payment of an amount certain accruing to the benefit of a city or town. A line item which appropriates an amount to be transferred to other line items to fund a particular cost which is not already included in those other line items. Reserves fund accounts that have anticipated expenses that are not known at the time of the appropriation. An electronic form generated from whenever a department generates a request to purchase goods or services from a vendor. Once a requisition is fully approved, it becomes a Purchase Order.
Outcomes-Based Education (OBE)
Override
Pension System
Program
Proposition 2½
Purchase Order
Receivables
Reserve
Requisition
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