Strategic Financial Planning Committee for OPEB Liabilities – Mission Statement

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May 30, 2014

| Strategic Financial Planning Committee for OPEB Liabilities | Updated

June 4, 2015

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Strategic Financial Planning Committee for OPEB Liabilities - Mission Statement

The Strategic Financial Planning Committee for OPEB Liabilities was created by the Board of Selectmen on
October 1, 2013. The committee was dissolved by the Board of Selectmen on February 3, 2015.

The Board of Selectmen created this committee to generate, evaluate and report on strategies and options, both short and long term, for dealing with the unfunded OPEB liabilities facing the Town of Sudbury, including the Sudbury Public Schools and L-S Regional High School.

These liabilities may require separate strategies for Town/Sudbury Public Schools than Lincoln-Sudbury Regional High School, due to the different historic and current benefit packages offered that caused the different levels of liability. In addition to this, the L-S approach will need the involvement of the Town of Lincoln. Nevertheless, overall “big picture” strategies and fundamental

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