| | | | | | | | PITTSFIELD CHARTER TOWNSHIP
WASHTENAW COUNTY, MICHIGAN
RES #20-14
RESOLUTION ADOPTING THE TOWNSHIP'S
OTHER POST-EMPLOYMENT BENEFITS (OPEB) FUNDING POLICY
March 25, 2020
At a Regular Meeting of the Township Board of Pittsfield Charter Township, Washtenaw County, Michigan, held at the Township Administration Building located at 6201 W. Michigan Avenue, in said Township, on March 25, 2020 at 6:30 PM.
The following preamble and resolution were offered by ___________ and supported by ____________. |
| | | | | | | | WHEREAS, according to the Governmental Accounting Standards Board (GASB) standards, the township is required to have an actuarial valuation done for its Other Post-Employment Benefits (OPEB) no less than every two years; and
WHEREAS, the Government Finance Officers Association (GFOA) recommends that OPEB plans are sustainable; and
WHEREAS, adopting a funding policy for OPEB will establish the overall funding goals for Pittsfield Charter Township’s Retiree Health Funding Vehicle (RHFV), the benchmarks that will be used to measure progress in achieving those goals, and the methods and assumptions that will be employed to develop the benchmarks; |
| | | | | | | | NOW THEREFORE BE IT RESOLVED, that the Pittsfield Charter Township Board of Trustees adopts the attached OPEB Funding Policy, effective March 25, 2020. |
| | | | | | | | | ROLL CALL VOTE:
AYES:
NAYS:
ABSENT:
ABSTAIN:
RESOLUTION DECLARED ________________.
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___________________________
Mandy Grewal, Supervisor
Pittsfield Charter Township
DATED: |
| | | | | | | | CERTIFICATE
I, Michelle L. Anzaldi, hereby certify that the foregoing is a true and complete copy of a resolution adopted by the Township Board of Pittsfield Charter Township, County of Washtenaw, State of Michigan, at a Regular Meeting held on March 25, 2020 and that said meeting was conducted and public notice of said meeting was given pursuant to and in full compliance with the Open Meetings Act, being Act 267, Public Acts of Michigan, 1976, and that the minutes of said meeting were kept and will be or have been made available as required by said Act.
___________________________
Michelle L. Anzaldi, Clerk
Pittsfield Charter Township
DATED: |
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