Other Post-Employment Benefit Liabilities, 6th Edition
Other Post-Employment Liabilities, 6th Edition measures unfunded OPEB liabilities, now totaling over $1.14 trillion, just under $3,500 for every man,…
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While not as widely discussed as public pension liabilities, unfunded OPEB liabilities are significant and growing. Unfunded OPEB liabilities now total just over $1 trillion (about $3,100 per person). This valuation comes from calculating the present value of those liabilities. While it is difficult to estimate how much future liabilities will cost (because of changes in things like health care costs and mortality rates) we can estimate the value of those future liabilities today by calculating their present value.
Other Post-Employment Liabilities, 6th Edition measures unfunded OPEB liabilities, now totaling over $1.14 trillion, just under $3,500 for every man,…
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Unfunded state pension liabilities total $6.96 trillion or just under $21,000 for every man, woman, and child in the United…
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State governments borrow for a myriad of reasons and issue various types of bonded obligations. Today, their total bonded liabilities…
Read MoreSection A: Addition to current statutes governing state agency duties [Bracketed portions may be adjusted for the needs of each state] Nongovernmental agreements…
(1) Definitions (a) The term “defined benefit pension plan” or “plan” shall mean any plan, fund or program which was heretofore or…
Stability – Government pensions should be secure and safe from high risk assumptions. State and local governments should eliminate incentives to underfund pension commitments,…