Hanover Confronts $42 Million OPEB Liability as Health Insurance Costs Soar Beyond Projections

Nov 10, 2025

∙ Paid

HANOVER - November 3 - The Hanover Select Board received sobering financial news Monday night as actuarial advisors revealed the town’s liability for retiree health benefits has grown to $42 million, while health insurance premiums for fiscal year 2027 are now projected to increase by 10 percent—significantly higher than the previously anticipated 7.1 p…