GASB Reports (OPEB): Employees for both state and local governments may be compensated in a variety of ways.  In addition to a salary, employees often receive other benefits such as health, life, and dental insurance.  Similar to a pension, some governments offer these benefits after the employee retires.  These are referred to as Other Post-Employment Benefits, or OPEBS.  Regardless of whether these benefits are paid during active service or retirement, they are still considered compensation.  For Westford, OPEBs only include health and life insurance since the town does not contribute towards dental benefits. The required reports below were provided by the town’s actuary, Odyssey Advisors.  As of June 30^th, 2023, the town has a net OPEB liability of $107,046,616.