City of Mill Valley Staff Report 2026-2028 Two-Year Budget and Financial Management Report 2026-06-15
Mill Valley Maintains Annual OPEB Trust Contributions
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Description
City of Mill Valley deposits $250,000 annually into its OPEB Trust to fund retiree health benefits liabilities, in line with its ongoing commitment to financial sustainability.
Contract Details
Contract Amount
$250,000 per fiscal year for 2026/27 and 2027/28
Vendor
OPEB TRUST (CITY OF MILL VALLEY)
Agency
City of Mill Valley, CA
Contract Type
FINANCIAL_SERVICES
Document Date
June 15, 2026
Contract Term
Each fiscal year; ongoing until liability fully funded (estimated 14 years)
Renewal Date
2040-06-30
Renewal Info
Annual contributions continue until liability is fully funded; based on actuarial recommendations and Council policy.
More from City of Mill Valley
City of Mill Valley Agenda 2026-06-15
City of Mill Valley Staff Report 2026-2028 Two-Year Budget and Financial Management Report 2026-06-15
City of Mill Valley Staff Report 2026-2028 Two-Year Budget and Financial Management Report 2026-06-15
City of Mill Valley Staff Report 2026-2028 Two-Year Budget and Financial Management Report 2026-06-15
City of Mill Valley Staff Report 2026-2028 Two-Year Budget and Financial Management Report 2026-06-15
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