Mayor's directive
Approve $40 Million OPEB Trust Funding
Last activity July 6, 2026 (3 months ago)
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Introduced
April 2, 2026
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In committee
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Council vote
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Adopted
The City Council committee report describes allocating forty million dollars to the Other Post-Employment Benefits (OPEB) Liability Trust Fund. The appropriation is part of the FY27 budget process and supports reducing unfunded OPEB liabilities. The action originated from the Mayor and was referred to Ways and Means, with committee recommendations predicting passage.
Now with the Committee on Ways and Means
About Budget & Finance and Health & Human Services
Compare with the government's own wording
Official title
On the message and order, referred on April 8, 2026, Docket #0735, approving an appropriation of Forty Million Dollars ($40,000,000.00) to the Other Post-Employment Benefits (OPEB) Liability Trust Fund authorized under Chapter 32B, §20, as added by Chapter 479 of the Acts of 2008. The latest available OPEB actuarial valuation as of June 30, 2023 estimated the City’s unfunded liability at $2.68 Billion Dollars, the committee submitted a report recommending that the order ought to pass.
Timeline
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April 8, 2026
Referred to
City Council
Referred to the Committee on Ways and Means.
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June 3, 2026
The report was accepted; the order was passed.
City Council
The report was accepted; the order was passed: yeas 13 (Breadon, Coletta Zapata, Culpepper, Durkan, FitzGerald, Flynn, Louijeune, Mejia, Murphy, Pepén, Santana, Weber, Worrell).