Adopt policy for funding retiree health benefits
In Plain English
The city provides health insurance to retired employees in addition to their pensions. This policy sets rules for how the city saves money each year to pay these future costs. Without a formal funding plan, retiree health benefits create unpredictable budget pressures as more employees retire.
Auto-generated summary. Source: official agenda documents.
Related agenda records
Automatically matched by topic. Open an item to check its relevance and each motion’s outcome.
Resolution approving Other Post-Employment Benefits (OPEB) funding policy
Fiscal Year 2020-21 Other Post-Employment Benefits (OPEB) Funding Policy
Fiscal Year 2016-17 OPEB Funding Policy and Resolution
Policy for placing revenues and surplus into OPEB trust
Pension and Post-Employment Benefits Report