1. (a) The actuary shall prepare an actuarial valuation of the assets and liabilities of the OPEB Fund as of June 30, each year. On the basis of reasonable actuarial assumptions and tables approved by the Board, the actuary shall determine:

   1. (1) The State’s annual required contribution for payment of the State’s premiums for post retirement health insurance for employees under Chapters 55 and 56 of this title and Chapter 83 of Title 11;
   2. (2) Any unfunded actuarial accrued liability.
2. (b) It is not anticipated that distributions will be made from this fund until the State’s annual required contribution, as determined in subsection (a) of this section, has been appropriated in a given fiscal year.

76 Del. Laws, c. 70, § 1