MACo OPEB Investment Trust: Strong Returns, Top-Notch Advisors

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.

Miss the meeting, but want a copy of the reports? Contact MACo, we’ll set you up with                         either paper or e-copies.                    (Inquiries seeking a chess match should be sent under separate cover)

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.

Find out more on the Trust website, or request a copy of materials from the December 2019 meeting, by contacting Michael Sanderson, MACo Executive Director and ex-officio Trustee.



Michael Sanderson

Executive Director Maryland Association of Counties