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The regular meeting of the Union County Board of Commissioners scheduled for Monday, February 2, 2026, will not be held out of an abundance of caution for public safety due to inclement weather.  All items on the agenda will move to the next regularly scheduled meeting on Tuesday, February 17, 2026.
 
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File #: 24-588    Version: 1
Type: Business Status: Agenda Ready
File created: 8/14/2024 In control: Board of Commissioners
On agenda: 10/21/2024 Final action:
Title: Other Post Employment Benefits (OPEB) - Options Actuarial Study Results
Attachments: 1. Presentation

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Other Post Employment Benefits (OPEB) - Options Actuarial Study Results

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INFORMATION CONTACT: 

Beverly Liles, Finance, Director, 704-283-3675

ACTION REQUESTED:

Provide staff with direction on next steps for OPEB Options.

PRIOR BOARD ACTIONS:

June 3, 2024, Regular Meeting, Agenda Item # 24-386 - The Board directed staff to initiate an actuarial study to analyze the long-term financial impact of other post-employment benefit scenarios.

BACKGROUND:

The County currently offers two OPEB options to retirees outside of the local government retirement system to those employees that are eligible based on the County’s adopted Personnel Resolution. These benefits include retirees’ health care and separation allowance pension benefits.

FINANCIAL IMPACT: 

To be determined.