MACo OPEB Trust Gains Over $3 Million For Participants

The MACo OPEB Trust – an investment pool for counties and other governments with long-term retiree health care obligations – has already delivered on its promise to member counties. In less than three years of operation, the Trust has reported gains of more than $3 million from growth in assets, plus interest and dividends. Under … Continue reading MACo OPEB Trust Gains Over $3 Million For Participants

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 … Continue reading Talbot Schools Latest to Join MACo OPEB Trust

MACo OPEB Trust Making More Gains In Investments and Membership

The MACo Pooled OPEB Trust, an investment vehicle for Maryland local governments, has made gains in both its active investments, as well as participation. Trust Investments Beat Banchmarks The most recent quarterly report for the Trust investments shows that during its lifespan, the Trust’s overall return was more than 1.5% better than the custom-blended “benchmark” … Continue reading MACo OPEB Trust Making More Gains In Investments and Membership

Town of Bel Air Joins OPEB Investment Trust

A second municipal government, the Town of Bel Air in Harford County, has joined the MACo OPEB Investment Trust. The Trust, created to help local governments productively invest current funds toward long term liabilities for retiree health insurance. Bel Air joins the City of Annapolis, Allegany County, the College of Southern Maryland, Queen Anne’s County, … Continue reading Town of Bel Air Joins OPEB Investment Trust

College of Southern Maryland: First College to Join MACo’s OPEB Investment Trust

Last week, the Board of the College of Southern Maryland (CSM) approved the College’s participation in MACo’s OPEB Investment Trust. CSM is the first college to join the 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 … Continue reading College of Southern Maryland: First College to Join MACo’s OPEB Investment Trust

St. Mary’s County Names Cudmore as MACo OPEB Trustee

The St. Mary’s County Commissioners this week formally named CFO Jeanett Cudmore to serve as the county’s representative Trustee on the MACo OPEB Investment Trust. Ms. Cudmore was appointed to the CFO position for the county in May, following the death of longtime CFO Elaine Kramer. The MACo Pooled OPEB Investment Trust is a vehicle … Continue reading St. Mary’s County Names Cudmore as MACo OPEB Trustee

MABE, MACo Tout OPEB Investment Trusts to Public Finance Officers

At the summer conference of the Maryland Government Finance Officers Association, MACo Executive Director and Trustee of MACo’s OPEB Investment Trust, joined Steven James from the Maryland Association of Boards of Education in discussing options available to government units to invest toward long-term retiree health liabilities. OPEB (“other post-employment benefits” — mainly comprising health insurance … Continue reading MABE, MACo Tout OPEB Investment Trusts to Public Finance Officers

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 … Continue reading Annapolis Joins MACo OPEB Trust

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 … Continue reading Queen Anne’s Formally Joins MACo OPEB Trust

MACo Formally Launches OPEB Investment Trust

This week, working cooperatively with several local governments, MACo formally launched the MACo Pooled OPEB Investment Trust Fund – a new vehicle designed to help local governments invest current funds toward future obligations for retiree health insurance, a.k.a. “other post-employment benefits.” Recent accounting rule changes have highlighted these liabilities on government balance sheets, and many … Continue reading MACo Formally Launches OPEB Investment Trust