Flash back to 2004, when the governmental accounting community began to seriously address the balance sheet and cost-accounting liabilities for “other post-employment benefits” such as retiree health ...

WASHINGTON - In an effort to boost disclosures for non-pension, health care, and other post-employment benefits, the National Federation of Municipal Analysts is urging issuers to release as much ...

Unfunded retiree health-care benefits are the most material long-term liability for about one in 10 states and local governments, Moody's Investors Service says. Processing Content Retirement ...

It has been two years since the Governmental Accounting Standards Board (GASB) adopted its Statement 45, requiring disclosure of liabilities and costs of retiree medical benefits and other ...

In 1994, the Governmental Accounting Standards Board established standards for public employee pension plans. Government and public employers have to report and account for pension benefits ...

For too long, citizens and government officials were not provided with the financial information needed to make knowledgeable tax and spending policy decisions. This resulted in all 50 states ...

GASB released two important standards intended to disclose the nature and extent of nonpension post-employment benefit liabilities largely related to health care. Governments are not required to fund ...

NORWALK, Conn.--(BUSINESS WIRE)-- The Governmental Accounting Standards Board (GASB) today issued Statement No. 57, OPEB Measurements by Agent Employers and Agent Multiple-Employer Plans and Statement ...

Unfunded pension liabilities get the press, but state taxpayers are on the hook for a related debt rarely mentioned—health insurance promises for state pensioners. Gift Article 10 Remaining As a ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor of Science in ...