Difference between revisions of "Retirement Board:PEIL"

Revision as of 15:02, 3 March 2017

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.

Governmental Accounting Standards Board: 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)
Spreadsheet that may be used for informal OPEB estimations using simplified "alternative measurement method"

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).

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 === Documents ===
-* [[Media:Lexington OPEB Valuation as of 06.30.11.pdf|OPEB Analysis]] for Fiscal Year July 1, 2010 - June 30, 2011
+* [[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)