PERAC Memo #25 - 2016: Other Post-Employment Benefits (OPEB) Summary
Other Post-Employment Benefits (OPEB) Summary
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PERAC Memo #25/2016 announces its first statutorily required (Ch. 68 of Acts of 2011, §57) summary report on Other Post-Employment Benefits (OPEB), compiling data from nearly 450 Commonwealth, municipal, and district plans based on the most recent valuation reports received by PERAC as of August 1, 2016. Boards should review the report and its footnotes—which are integral to interpreting the data—available on PERAC's website, and note that some entities' data may not reflect their most current valuation if it was not submitted to PERAC; no other action is required, and similar reports are expected roughly every five years.
Full Text
PERAC Memo # 25 / 2016
M E M O R A N D U M
TO: All Retirement Boards
FROM: Joseph E. Connarton, Executive Director
RE: Other Post-Employment Benefits (OPEB) Summary
DATE: October 5, 2016
In accordance with Section 57 of Chapter 68 of the Acts of 2011, we are pleased to provide our
first summary report on Other Post-Employment Benefits (OPEB).
The summary report provides OPEB information for nearly 450 plans for the Commonwealth as well as cities, towns, and districts. The summary report is based on the most recent OPEB valuation report received by PERAC as of August 1, 2016. Note that for some entities, we do not believe the most recent report was provided to PERAC.
Please review the footnotes to the report before reviewing the summary report. The footnotes are an integral part of the report.
We anticipate preparing future reports every five years or so. The full report including a PDF version and a web browser version is available on our website (mass.gov/perac).
We welcome any comments and questions.