Retirement Board:PEIL

The Post-Employment Insurance Liability (PEIL) Fund is overseen by the Retirement Board. The fund custodian is the Town Treasurer.

Note: this fund also goes by the name Post Retirement Insurance Liability (PRIL) Fund, and also Other Post-Employment Benefits (OPEB) Fund.

Documents

 * [[Media:OPEB report17 Town of Lexington.pdf|OPEB GASB 43 and 45 Actuarial Valuation Report]] and [[Media:Lexington FYE2017 GASB7475_Final Signed.pdf|OPEB GASB 74 and 75 Actuarial Valuation Report]] (2017)
 * [[Media:OPEB report15 Town of Lexington Final.pdf|OPEB Actuarial Valuation Report]] (2015)
 * [[Media:Lexington OPEB Valuation as of 06.30.11.pdf|OPEB Actuarial Valuation Report]] (2011)
 * [[Media:mma-municipal-perspective-powerpoint-1.odp|Powerpoint presentation]] from the MMA (MA Municipal Association) with general OPEB information
 * [[Media:OPEB_aml_v2.pdf|An Analysis of Policy Issues concerning the Funding of Future Liabilities for Health Insurance for Retired Employees (OPEB) of the Town of Lexington]], by Alan Levine (Apr 2012)
 * Text of the [[Media:Ch. 317 of the Acts of 2002.doc|Ch. 317 of the Acts of 2002]] setting up OPEB fund operation in Lexington

General information about OPEB

 * Governmental Accounting Standards Board: [[Media:opeb_summary.pdf|Other Postemployment Benefits: A Plain-Language Summary of GASB Statements No. 43 and No. 45]]
 * Trusting Your Trust Fund, by Mark D. Abrahams
 * Part 1 (June 2010)
 * Part 2 (May 2012)
 * Part 3 (Sept 2012)
 * [[Media:opeb_estimatorworksheet.xls|Spreadsheet]] that may be used for informal OPEB estimations using simplified "alternative measurement method"

General information about OPEB investment strategy

 * The OPEB Challenge: Mapping a comprehensive strategy for public employers: Executive Summary, Full Report. Study by J.P. Morgan Asset Management, sponsored by the National Conference on Public Employee Retirement Systems (NCPERS).