Annapolis Joins MACo OPEB Trust

At the City of Annapolis Board of Aldermen’s meeting this week, the Board voted to join MACo’s 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. The City of Annapolis is the sixth government to formally join the Trust.

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

Michael Sanderson

Executive Director Maryland Association of Counties