The MACo OPEB Investment Trust – designed to help counties put current assets to work toward long-term health care liabilities – is performing well, delivering healthy returns, and serving member needs.
The Board of Trustees of the MACo OPEB Investment Trust convened a quarterly meeting at the Hyatt during the MACo Winter Conference. In addition to reviewing investment strategy and performance, and discussing the landscape for long-term public investing, the Trustees fielded comments from conference attendees who do not yet belong to the Trust, but are considering their long-term OBEP options.
The Trust serves county and municipal governments, but also county-supported entities like libraries and community colleges. If your county, or other local government entity, has a long-term liability for retiree health care (and most of us do), consider the Trust as an easy “plug and play” option to put current assets to work toward those long-term liability.
Maryland law allows local governments to invest funds for this purpose in less restricted ways than true “public funds,” but only if they are committed in a Trust. The MACo OPEB Investment Trust was designed to make this easy and inexpensive to do. And if you already have a local Trust, you may still invest some of all your assets into the MACo OPEB Investment Trust to take advantage of attractive yields and low overhead costs.