Changes Suggested by KTP Advisors Save City of Brockton, MA $160M in OPEB and $10M in ARC

brockton_massThe independent actuary for the city of Brockton recently reported that KTP’s structural recommendations and competitive process reduced the city’s Annual Required Contribution (ARC) by $10 million and its OPEB liability by about $160 million.

Actuary’s letter details reductions in retiree benefits costs and liability before and after KTP