§ 2-53. Authority; establishment.

Latest version.

In accordance with the provisions and authority of Conn. Gen. Stat. § 7-450(b) (as amended) and Charter §§ 404 and 405, there is established the Town of New Milford Other Post-Employment Benefits Trust (hereinafter referred to as the "OPEB Trust" or "Trust"). The purpose of the Trust is to facilitate the funding of certain retiree benefits, excluding pension benefits, but including health care and other post-employment benefits provided separately from a pension plan, as provided from time to time by the Town.

Ord. of 12-12-2011

                    
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