Monday, March 12, 2007

Post-Retirement Health Benefits

According to new GASB rules, all 50 states as well as the United States' largest cities will soon have to disclose the value of health care benefits promised to retired workers. That has many governments scrambling. Cities and states that have already calculated the numbers don't like what they are seeing. The numbers are alarmingly higher than expected. Taxpayers are angry. Bond ratings are imperiled.


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