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State and Local Government Retiree Benefits: Current Funded Status of Pension and Health Benefits
Pension and other retiree benefits for state and l

 
Our Price: $15.00
By Barbara D. Bovbjerg (au)
Year: 2008
Pages: 27
Binding Paperback

Product Code: 1437901549

Description
 
Pension and other retiree benefits for state and local govít. employees represent liabilities for state and local governments and ultimately a burden for state and local taxpayers. Since 1986, accounting standards have required state and local governments to report their unfunded pension liabilities. Recently, however, standards changed and now call for governments also to report retiree health liabilities. The extent of these liabilities nationwide is not yet known, but some predict they will be very large, possibly exceeding a trillion dollars in present value terms. This report examines: (1) the key measures of the funded status of retiree benefits; and (2) the current funded status of retiree benefits.  Charts and tables.

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