Jun 24, 2026BoardMeeting
BoardBristol County Water Authority Board Of Directors Meeting
The board meeting primarily focused on the presentation and review of the OPEB plan by the consulting actuary. Discussions included an explanation of actuarial valuation reports, the impact of accounting standard GASB 75, and an overview of the benefits provided to retired and active members, including medical, dental, and life insurance coverage. The board also discussed valuation assumptions such as discount rates, retirement age, mortality, and the current funded status of the plan, noting that the plan is approximately 50% funded.