MUNI CD-OPED TRUSTS

Summary

The bill permits a city or town whose general‑fund balance exceeds its prior‑year operating expenses to establish a new OPEB trust or add money to an existing one. The trusts would pay health and other fringe benefits for retired, terminated, disabled employees or their dependents, separate from pension benefits.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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