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The committee reported that the Pension Plan’s funded ratio rose from 90% to 93.1%, while the OPEB plan’s funded ratio increased from 37.2% to 51.1%. It approved the summary for presentation as the annual Pension Plan Trust Report and adopted pension forms for immediate use.
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The funding measures show that both plans are in stronger financial condition than in the prior valuation. The committee approved a report for presentation to the Board of Selectmen on August 17, 2026. It also designated the Town Manager as plan administrator and approved forms used for employee participation, beneficiary designations, address changes, and retirement direct deposits.
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