Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council gives first passage to OPEB ordinance allowing employee contributions to reduce city liability
Summary
Council approved first passage of PCO 15‑25 to allow employee contributions to the OPEB trust to be counted against the city's required appropriation; administration said roughly $600,000 in employee contributions are expected this fiscal year and the trust holds about $5.3 million (includes past contributions and earnings).
The Warwick City Council voted for first passage of PCO 15‑25, an ordinance that lets employee contributions to the city’s OPEB trust be deducted from the employer appropriation the city would otherwise make.
Administration explained the change is a response to negotiated employee contributions that will phase in to 2% of salary; officials estimated roughly $600,000 in…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
