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PEB committee: Cohasset’s OPEB trust performing well; full funding projected before state deadline
Summary
Timothy Davis told the Select Board the town's OPEB Trust Fund is performing well, contributing to a AAA bond rating and a projected Norfolk County full funding date of 2037, ahead of the state 2040 requirement.
Timothy Davis of the Post-Employment Benefits Committee told the Select Board that the town’s OPEB Trust Fund is performing well and that continued, consistent funding contributed to Cohasset retaining a AAA bond rating. Davis said the trust follows a growth-oriented investment strategy and reported that Norfolk County’s projected full funding date is 2037, ahead of the state-mandated 2040 target.
Chair David Farrag praised the committee’s long-term work addressing unfunded liabilities. No formal action was required during the meeting; the presentation was informational and the board moved on to appointments and other agenda items.
