DATE: October 21, 2020
TO: Council Budget and Finance Committee
FROM: Director of Finance
SUBJECT
Review and Comment on the Actuarial Valuation of the City’s Other Post-Employment Benefit (OPEB) Program as of June 30, 2019
RECOMMENDATION
That the Council Budget and Finance Committee reviews and comments on the Actuarial Valuation of OPEB as of June 30, 2019.
SUMMARY
The City of Hayward actively manages its benefit liabilities and completes actuarial valuations for many of its long-term benefit liabilities, including the City’s Other Post-Employment Benefit (OPEB), also known as the retiree medical benefit. This report provides an update to the latest actuarial valuation of OPEB as of June 30, 2019.
ATTACHMENTS
Attachment I Staff Report