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Biennial OPEB Survey Will Help League City Managers Department Assess Unfunded Liabilities

Survey Open until March 16

February 23, 2016
Unfunded Other Post-Employment Benefits (OPEB) continues to loom as a long-term financial challenge for public agencies at both the state and local levels.
 
Fortunately, many cities have minimal OPEB obligations and many others have taken aggressive steps toward addressing those future obligations. However, there remains little comprehensive information available on the scope of OPEB challenges facing municipalities in California and how cities are effectively managing those obligations.

The League City Managers’ Department OPEB, with input from both the Fiscal Officers and Employee Relations departments, has launched its biennial survey to help assess the scope and magnitude of OPEB liabilities across California cities, track progress being made by cities (individually and collectively) in addressing OPEB concerns, and help inform best practices and approaches to managing post-employment benefits.
 
The online survey should take no more than 15-20 minutes to complete. While the responses to the survey may be readily found in your agency’s Comprehensive Annual Financial Report (CAFR), it may be easier to ask your finance director, or equivalent, to complete (or review) the survey responses.


 
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