City of Port Neches Council Meeting Minutes April 2026
City Accepts OPEB Study from Hause Actuarial
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Description
The City of Port Neches Council approved the Post-Employment Benefits Analysis prepared by Hause Actuarial Solutions, recognizing a projected $13.08 million retiree benefit liability. The study will guide budgeting for retiree insurance costs for FY 25-26.
Contract Details
Vendor
HAUSE ACTUARIAL SOLUTIONS
Agency
City of Port Neches, TX
Contract Type
PROFESSIONAL_SERVICES
Document Date
April 2, 2026
Contract Term
Biennial valuation cycle; report referenced for FY 25-26 planning
Renewal Date
2026-09-30
Renewal Info
GASB requires that actuarial calculations be performed every two years; future engagements may follow this biennial schedule.
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