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Retirement

Harford County leaders share concerns over more than $1 billion OPEB liability for public schools

Harford County leaders share concerns over more than $1 billion OPEB liability for public schools

Harford County Public Schools has a liability of more than $1 billion toward its retirees’ health care costs, well above similar liabilities incurred by the county government and county public library system, officials reported to the County Council.

“[The] total liability is almost $1.5 billion — billion,” county Treasurer Robert Sandlass told council members Tuesday evening.

He and Billy Boniface, the director of administration for County Executive Barry Glassman, discussed the Other Post Employment Benefits, or OPEB, liabilities as part of a larger presentation on retiree health care costs. They made the presentation during a public hearing on Bill 19-001 Tuesday in the...

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