Agenda Items ▸ City Manager's Agenda
CMA 2009-347
The acceptance of M.G.L. Chapter 32B, Section 20, which will establish an Other Post Employment Liability Trust Fund. This irrevocable trust fund will provide the City a vehicle to make contributions to meet the unfunded liability; and the transfer of $2.0 million from the City's Health Insurance Claims Trust Fund, which has a balance of $17.7 million to the Other Post Employment Liability Trust Fund. This initial allocation will begin the process of providing future allocations from this and/or other funding sources to the OPEB Trust Fund based on an annual review. View City Manager Order #3A View City Manager Order #3B
How it started
Submitted by Robert W. Healy, City Manager.
What happened
The clerk's record shows no vote or disposition against this item. Some are received and filed without one, and a roundtable takes no votes at all. If the city's record shows otherwise, that is exactly what an audit should catch.