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This document outlines the resolution passed by the Town of Franklin for the appropriation of $273,000 from Free Cash to be transferred to the OPEB Trust Fund, continuing the fund\'s financing per town policy.
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What is opeb trust funds transfer?
OPEB trust funds transfer refers to the process of moving funds into a trust account specifically designated to cover Other Post-Employment Benefits (OPEB) for retirees, such as health insurance.
Who is required to file opeb trust funds transfer?
Entities that offer OPEB benefits, such as municipalities, school districts, and other governmental entities, are typically required to file OPEB trust funds transfer.
How to fill out opeb trust funds transfer?
To fill out the OPEB trust funds transfer, complete the required forms by providing information such as the entity's details, the amount to be transferred, and any relevant financial statements or supporting documents.
What is the purpose of opeb trust funds transfer?
The purpose of OPEB trust funds transfer is to allocate and set aside funds to ensure that the entity can meet its future health care and other post-employment benefit obligations to retirees.
What information must be reported on opeb trust funds transfer?
Information that must be reported includes the transfer amount, the intended purpose of the funds, the trust account details, and documentation verifying compliance with applicable regulations.
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