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OPEB trust shows roughly $2 million drop at fiscal year end; staff to investigate
5577144 · August 7, 2025
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Summary
Board members were told an OPEB monthly snapshot showed a decline of about $2 million between fiscal-year opening and June; staff said a full year-end recap is pending and will be reported back to the board.
Portsmouth's board received a brief update that the Other Post-Employment Benefits (OPEB) trust declined by roughly $2 million at the fiscal year end in June, and staff said they would bring a full year-end report.
A board member flagged that the OPEB account appeared to have fallen from…
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