Queen Anne’s Formally Joins MACo OPEB Trust

At the Queen Anne’s Commissioners meeting on February 9, the County authorized its Director of Finance to engage the county as a member of the MACo OPEB Investment Trust.

As previously reported on Conduit Street, the MACo OPEB Investment Trust is a newly developed offering to assist counties and other local government units to invest toward long-term liabilities of their retiree health insurance cost programs. Queen Anne’s County would be the fifth government to formally join the Trust, which is amidst its early actions of developing an investment strategy and oversight protocols.

For more information, see Conduit Street‘s previous coverage of the Trust creation, earlier this month.

Michael Sanderson

Executive Director Maryland Association of Counties