Other Post-Employment Benefits (OPEB) Local Finance Board
Stafford County provides post-employment benefits other than pensions for its retirees. At this time these benefits are health-care related. The Code of Virginia (1950), as amended, provides that the governing body may establish a trust for the purpose of accumulating and investing assets to funds its post-employment benefits other than pensions. In December 2008 the County adopted an ordinance to participate in the Virginia Pooled OPEB Trust.
A local finance board was appointed by the Board of supervisors as trustee of its funds in the trust. Members of the local finance board include the County CFO, the county Treasurer and a citizen member.
Second Wednesday of February, May, August and November.