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Diane Publishing Books
Significant Financial Risk Exists if the State of California Does Not Actively Manage the Costs of State Retirees’ Health and Dental Benefits
Elaine M. Howle (ed)
A review of California’s efforts to manage the financial risks assoc. with the costs of “other postemploy. benefits (OPEB)” -- or benefits in addition to pensions, such as med. and dental insur. provided retired state employees. The State has not chosen to prefund OPEB costs through deposits to a trust fund. Rather, the State appropriates only enough money in its annual budget to pay the year premiums for retiree health insur. Consequently, the State recorded an OPEB liability of $2.34 billion in its financial statements and expects to only pay $1.36 billion of the $3.72 billion required contribution for FY2008-09. Hence the OPEB liability could begin to overshadow other liabilities in the State’s financial statements and affect the State’s credit rating. Tables.
Supporting the Sky
Air Combat: The New Face of War
Behavior & Learning of Animal Babies
Your Mental Health: A Layman's Guide to the Psychiatrist's Bible
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Guide to Metal Toys
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