Saturday, June 18, 2011

Greensboro City Council Agenda Item #46: The attachment says the city has accumulated $1.2 million of about $57 million of unfunded future retiree benefits.

46. Resolution authorizing the City of Greensboro to establish an Irrevocable Other
Post-Employment Benefits (OPEB) Trust and to appoint Trustees.
PDF page 111 of 147

So the city is currently about $55.5 million short of what is needed
to fulfill promised benefits?

Has this number been reported anywhere?

Was the populous made aware of the $55.5 million shortfall
on top of the $70 plus million needed to comply with the Lake Jordan Rules
before voting to build a $20 million swimming pool?

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