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AGENDA ITEM #10.3 <br /> city of <br /> Pequot <br /> Lakes— - <br /> REPORT TO CITY COUNCIL <br /> Report Prepared by: Nancy Malecha <br /> Date: February 5, 2019 <br /> Subiect: Post-Employment Benefit Valuation Report <br /> Report: The City is required to have an actuarial valuation of its Other Post- <br /> Employment Benefits (OPEB) every two years. The City has contracted with Hildi <br /> Inc. to perform this valuation. Attached is the Post-Employment Benefit Valuation <br /> Report for 2018 from Hildi Inc. and a memo explaining this Report. <br /> Council Action Requested: Council motion accepting the Post-Employment <br /> Benefit Valuation Report for the valuation year beginning January 1, 2018 and the <br /> recommendation to fund the City's OPEB obligation using the pay-as-you-go <br /> (PAYGO) method. <br />