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File #: 2025-0824    Version:
Type: Mayor Order Status: Passed
File created: 4/3/2025 In control: Committee on Ways and Means
On agenda: 4/9/2025 Final action: 6/4/2025
Title: On the message and order, approving an appropriation of Forty Million Dollars ($40,000,000.00) to the Other Post-Employment Benefits (OPEB) Liability Trust Fund authorized under Chapter 32B, §20, as added by Chapter 479 of the Acts of 2008. The latest available OPEB actuarial valuation as of June 30, 2023 estimated the City’s unfunded liability at $2.68 billion, the committee submitted a report recommending that the order ought to pass. The report was accepted, the order was passed.
Attachments: 1. OPEB $40,000,000.00, 2. FY26 OPEB PASS #0824

Title

On the message and order, approving an appropriation of Forty Million Dollars ($40,000,000.00) to the Other Post-Employment Benefits (OPEB) Liability Trust Fund authorized under Chapter 32B, §20, as added by Chapter 479 of the Acts of 2008. The latest available OPEB actuarial valuation as of June 30, 2023 estimated the City’s unfunded liability at $2.68 billion, the committee submitted a report recommending that the order ought to pass.

The report was accepted, the order was passed.