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Subcommittee hears OPEB, town and Board of Ed investment results; committee notes no trust withdrawals
Summary
Presenters reported year-end gains across the pension plans and the OPEB trust, noted elevated quarter‑end liquidity tied to cash‑flow timing, and confirmed the trust has not been tapped for recurring OPEB obligations.
Simsbury — At its Feb. 4 meeting the Retirement Plan Subcommittee reviewed year‑end balances and liquidity for the town plan, Board of Education plan, police plan and the OPEB trust, and committee members asked for clarification on whether the town was using trust assets to pay current obligations.
Chris, presenter, reported plan-level year‑end invested balances and gains: the town plan showed about $30.5 million in invested assets and an estimated $2.5 million investment gain for the year; the Board of Education plan…
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