Monday, May 13, 2013
The Wayland Board of Selectmen is seeking volunteers for two newly created committees.
The Wayland Board of Selectmen voted at its most recent meeting to create two temporary advisory committees and is now looking for residents to serve. According to a press release, one committee will examine Wayland Cares. The committee will look at "responding to the near unanimous support by Town Meeting of services, but [discomfort] with the organizational structure or the use of local tax dollars to continue to support the initiative." The committee will evaluate the Wayland Cares program and recommend "a service-delivery model by November 2013 for inclusion in the FY2015 annual operating budget." The other committee will focus its attentions on Other Post Employment Benefits (OPEB). Specifically, the OPEB advisory committee will look …
Monday, December 3, 2012
The Board of Selectmen will meet at 7 p.m. on Monday, Dec. 3, 2012, in the Selectmen's Meeting Room at Wayland Town Building.
Monday, December 3, 2012
Town Administrator Fred Turkington provided the meeting preview below. After reviewing the agenda and receiving public comment, Selectmen will hear a presentation by Daniel Roche, a consulting actuary from The Segal Company. Roche will discuss the topic of other post-employment benefits (health insurance for retired town employees), best known by the acronym "OPEB," including the liabilities, obligation to fund, status of Wayland's funding efforts to date, and the ways future liabilities might be impacted by the cost of health care and the work of a special state commission studying the issue. State Rep. Tom Conroy (D-Wayland) will also be present to contribute to the discussion. After considering the consent calendar and reviewing …
Thursday, November 29, 2012
Other Post Employment Benefits (OPEB) have been a hot topic in Wayland lately. An actuary will address a variety of issues related to OPEB at the Dec. 3 Board of Selectmen meeting.
Town Administrator Fred Turkington provided the announcement below. There has been considerable discussion over the past year concerning the cost and funding of obligations to retired and future retired employees for other post-employment benefits (OPEB). The cost of health insurance for retired employees is a substantial future liability for the state and towns, given the rising cost of health care and the number of employees who will retire in the next 20 years as baby boomers reach normal retirement age. In Wayland, citizens have questioned the aggressiveness of our funding efforts in relation to our liability, contrasting that effort to the actions of the vast majority of other Massachusetts communities. Wayland is among the top five …