The Town of Medfield just got a new actuarial report on its Other Post-Employment Benefits (OPEB) liabilities (copy attached). OPEB is mainly for future health insurance costs for current and retired town employees, but also includes unfunded pensions for those same individuals.
GASB recently required that municipalities include actuarial numbers for their future OPEB obligations as part of their financial reporting, and municipalities have mainly all shared huge unfunded debts for these future OPEB costs. Wellesley is one exception, which has fully funded its OPEB.
The whole actuarial report, which shows a ca. $43m. liability for the Town of Medfield, is available here:
These are a few of the pages that summarize the report: