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10.04 Post-Employment Benefit Valuation Report
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10.04 Post-Employment Benefit Valuation Report
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AGENDA ITEM #10.4 <br /> City Of <br /> Pequot <br /> Lakes= - <br /> REPORT TO CITY COUNCIL <br /> Report Prepared by: Angie Duus <br /> Date: July 7, 2020 <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 2020 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, 2020 and the <br /> recommendation to fund the City's OPEB obligation using the pay-as-you-go <br /> (PAYGO) method. <br />
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