TITLE

Seeking a Sound Schedule to Deal With Unfunded OPEBS

AUTHOR(S)
Scarchilli, Michael
PUB. DATE
March 2006
SOURCE
Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p13
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article provides an overview of the fiscal condition of the state of Maine. The state is planning to start reducing its unfunded liability for other post-employment benefits. State Controller Edward Karass claims that the state has retained the services of John Bartel to update the actuarial position of the fund as of June 30, 2005. Meanwhile, Standard and Poor's analyst Karl Jacob claims that the state still has a low funded pension ratio.
ACCESSION #
20409209

 

Related Articles

  • Massive Liabilities Plus Politkal Paralysis Leave Plenty of Work to Be Done. Saskal, Rich // Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p72 

    The article provides an overview of the fiscal condition of California. According to the author, California is facing liabilities associated to the retirement system for its state and local government workforce. The California Public Employees' Retirement System was underfunded by $24.7 billion...

  • Maine.  // Bond Buyer;02/14/2000, Vol. 331 Issue 30828, p40S 

    Focuses on the economic conditions of Maine. Data on the debt ratio per capita; Expectations on the volume of bonds to enter the market; Strategies in the sale of bonds; Comparison of employment growth between 1993 and 1998; Needs for water infrastructure; State and state authorities general...

  • GFOA Supports Proposals to Make OPEB Reporting Like Pension Reporting. Jagoda, Naomi // Investment Management Mandate Pipeline;11/10/2014, p1 

    Government Finance Officers Association officials said recently that it makes sense that draft standards on other post-employment benefit financial reporting are similar to ones in effect for pension reporting.Ã1/4

  • Legislators Allocate OPEB Payments, One Year at a Time. Scarchilli, Michael // Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p16 

    The article provides an overview of the fiscal condition of New Hampshire. The state's payments to cover other post-employment benefits (OPEB) for retired employees are allocated by lawmakers as part of their annual appropriations decisions. The estimated OPEB liability of the state is $1...

  • The 'Cadillac of Health Plans' Is a Heavy Load to Deal With. Cataldo, Adam L. // Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p18 

    The article provides an overview of the fiscal condition of New Jersey. Chairman of New Jersey's benefits Review Task Force Philip Murphy criticizes the possibility that Governor Jon Corzine would delay the issue of payment for pensions and other post-employment benefits. several issues expected...

  • Solid Pension Ratios Lend Comfort, But Concerns Lurk.  // Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p29 

    The article provides an overview of the fiscal condition of Arizona. Director of the state's Public Safety Personnel Retirement System (PSPRS) Jim Hackling refutes the solid pension ratios of Arizona. The Arizona State Retirement System has registered a funded ratio of 85.3 percent in 2005....

  • Current School Funding Woes Trump Future Pension Worries. Albanese, Elizabeth // Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p30 

    The article provides an overview of the fiscal condition of Arkansas. The Arkansas General Assembly has developed a budget for fiscal 2006 and 2007. The Arkansas Public Employee Retirement System has an unfunded liability totaling 18 percent of its assets. It registered an increase in the value...

  • With TABOR Curbs Diluted, Eyes Turn to Roads, Pension. Albanese, Elizabeth // Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p31 

    The article provides an overview of the fiscal condition of Colorado. The Colorado General Assembly is developing several plans to address the unfunded liability worth $11.3 billion for the state's public employee retirement system. The budget constraints was caused by the 1993 Taxpayer Bill of...

  • Pension System Doesn't Need Fixing, But How About Those School Finances ? Albanese, Elizabeth // Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p36 

    The article provides an overview of the fiscal condition of Texas. The Texas Employees retirement System has a total asset worth $21.3 billion and unfunded liabilities of 4 percent. Meanwhile, the pension system is determining the effect of the reporting rule 45 established by the Governmental...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics