OPEB liability funding strategy | southborough.infohttps://southborough.info/issues/opeb-funding-strategy/2026-10-15T23:35:55-04:00Select Board, Tue, Apr 28: OPEB actuarial valuation and funding strategyhttps://southborough.info/topics/Z4yuMDzSo_o/12026-04-28T12:00:00ZLinda Bournival of KMS Actuaries presented an educational overview of the town's Other Post-Employment Benefits (OPEB) liability, trust assets, and discount rates. The board discussed Southborough's funded ratio compared to neighboring communities and considered long-term funding strategies, including the possibility of redirecting pension catch-up appropriations toward OPEB once the Worcester Regional Retirement System reaches full funding around 2036. Outcome: Discussion only; the board agreed to have the actuary model multiple future contribution scenarios.