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,…
Read More
While not as well-known as public pension plans, state governments also offer retired public employees other post-employment benefits (OPEB). These benefits include health insurance, life insurance, Medicare supplement insurance and other benefits as well.
Other Post-Employment Liabilities, 6th Edition measures unfunded OPEB liabilities, now totaling over $1.14 trillion, just under $3,500 for every man,…
Read More
Unfunded state pension liabilities total $6.96 trillion or just under $21,000 for every man, woman, and child in the United…
Read More
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,…