Other Post Employment Benefits (OPEB) Liability Trust Fund

The City is seeking individuals to serve on the recently created, OPEB (Other Post-Employment Benefits) Trust Fund Board of Trustees. The individuals that serve on the Board will provide general supervision of the management, investment and reinvestment of the OPEB Fund.

Duties of the OPEB Liability Trust Fund include:

• Adopt and amend a declaration of trust describing in detail its duties, obligations and operations.
• Make a report to the City Council, School Committee, City Manager and Superintendent of Schools as to the balances and investment transactions of the OPEB Fund.
• Employ reputable and knowledgeable investment consultants, adopt rules and regulations in accordance with law for the conduct of its affairs and perform such other duties as may be prescribed by law.

OPEB Voting Closed

Voting is now closed for the OPEB (Other Post-Employment Benefits) Trust Fund Board of Trustees. Thank you for your interest and participation.

Resources

• Board Profile - Other Post Employment Benefits (OPEB) Liability Trust Fund
• City Ordinance - Other Post-Employment Benefits (OPEB) Trust Fund
• MGL Section 20 of Chapter 32B