Talbot Schools Latest to Join MACo OPEB Trust

The Talbot County Board of Education voted Wednesday night to join the MACo Pooled OPEB Investment Trust, an investment pool for local governments to direct current assets toward long-term liabilities for retiree health insurance and related expenses.

While the MACo OPEB Trust is not actively pursuing school boards (the Maryland Association of Boards of Education maintains an OPEB Trust for the benefit of many of its members), the Talbot circumstance proved to be an exception. A difference in the structure of the two pooled Trusts made the MACo Trust a better fit for the Talbot Schools, and MABE leadership graciously acceded to the exception to best serve their member’s interest.

For more on MACo’s OPEB Trust, see recent Conduit Street coverage, or visit the Trust webpage.