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Council ratifies MOA clarifying OPEB contribution calculation; change trims longevity from base for municipal employees
Summary
The council ratified a memorandum of agreement clarifying how employee contributions to the city’s Other Post-Employment Benefits (OPEB) trust are calculated, removing longevity pay from the calculation for municipal employees and estimating modest fiscal differences over three years.
The Warwick City Council approved a memorandum of agreement (MOA) to clarify contract language governing employee contributions to the city’s Other Post-Employment Benefits (OPEB) trust.
Lynn Prodger, presenting the MOA, told the council the change clarifies that municipal employee contributions to OPEB should be calculated using base pay and should not…
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