The Board of Commissioners approves the appropriation of $10,000,000 to the OPEB Trust Fund from FY 2025 positive variance to proactively manage and mitigate the County's long-term OPEB liability. This action supports routine County operations and is in line with the adopted Annual Funding policy for the Other Post-Employment Benefits Trust Fund. The funding will be deposited into the County's OPEB Trust fund, which is invested in the NC State Treasurer's Ancillary Governmental Participant Investment Program (AGPIP).
Details
Subject
Amend the Fiscal Year 2026 Budget to Appropriate FY 2025 Positive Variance to the OPEB Trust Fund
Summary
The Board of Commissioners approves the appropriation of $10,000,000 to the OPEB Trust Fund from FY 2025 positive variance to proactively manage and mitigate the County's long-term OPEB liability. This action supports routine County operations and is in line with the adopted Annual Funding policy for the Other Post-Employment Benefits Trust Fund. The funding will be deposited into the County's OPEB Trust fund, which is invested in the NC State Treasurer's Ancillary Governmental Participant Investment Program (AGPIP).