How Hyattsville Should Address its OPEB Costs
The city's proposal to revoke retiree benefits undermines their claims that city finances are normal and strong
For years, Hyattsville has promised subsidized retiree health care to employees—a commitment known as Other Post-Employment Benefits, or OPEB. Despite warnings as early as 2011 about the rising cost, the city made no meaningful reforms. Now, it proposes breaking those promises, while also insisting that there is no reason t…
Keep reading with a 7-day free trial
Subscribe to Route One Finance to keep reading this post and get 7 days of free access to the full post archives.