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The Investment Advisory Committee voted 4-0 to recommend Sally Bednar and Elliot Alchek for vacancies on the Other Post-Employment Benefits Trust Board. The committee also reviewed Greenwich’s cash position, including a $175.4 million General Fund balance and $326.2 million in total cash including OPEB funds but excluding Retirement.
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The recommendation would fill two vacancies on the board overseeing funds for future retiree benefits, subject to action by the full Board of Estimate and Taxation. The committee’s treasury review showed that Greenwich had $175.4 million in its General Fund at the end of December 2025, with most non-Retirement, non-OPEB cash invested through the Connecticut Short-Term Investment Fund and U.S. Treasury securities. The committee also discussed OPEB investment strategy and performance with Morgan Stanley representatives.
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