Post Employment Insurance Liability (PEIL) Fund

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

• OPEB GASB 43 and 45 Actuarial Valuation Report and OPEB GASB 74 and 75 Actuarial Valuation Report (2017)
• OPEB Actuarial Valuation Report (2015)
• OPEB Actuarial Valuation Report (2011)
• Powerpoint presentation from the MMA (MA Municipal Association) with general OPEB information
• 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 Ch. 317 of the Acts of 2002 setting up OPEB fund operation in Lexington

General information about OPEB

• 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"

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).

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