Other Post-Employment Benefits (OPEB) Board of Trustees Meeting

The OPEB Board of Trustees is a five-member Board that was created in 2013 to oversee funds that have been set aside to fund post-employment benefits for retired City of Newton employees. The OPEB Board of Trustees hires actuarial services to support its work and the current actuarial contract is ending. The Actuary reviews the City’s funding plan for OPEB, values the OPEB liability and provides the City with an estimate, based on the plan, of when the City might anticipate having the OPEB liability fully funded. The Trustees will meet on February 1, 2017 at 1:00 pm in Room 211 at Newton City Hall to review a draft Request for Proposals (RFP) for actuarial services.

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