The OPEB Board shall be responsible for the administration and operation of the OPEB System, determination of the amount of annual contributions, and oversight of OPEB Benefit payments to Retired Employees and their dependents. The OPEB Board shall have the power to collect contributions from the State of Rhode Island, quasi-public agencies or any municipality thereof, to direct benefit payments, the right to research, question, investigate and make recommendation of findings to the department of administration.