TITLE

New Rules for Retirement Age And a Call for a Heath Care Trust

AUTHOR(S)
Scarchilli, Michael
PUB. DATE
March 2006
SOURCE
Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p26
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article provides an overview of the fiscal condition of the Rhode Island. The state has an estimated $630 million of unfunded other postemployment benefits (OPEB) liability. To address this issue, Governor Donald L. Carcieri has recommended the establishment of a retiree health care trust fund in his proposed budget for fiscal 2007. The government has also proposed putting $100 million of the $200 million the state expects to generate from securitization of its tobacco settlement proceeds into the OPEB liability trust.
ACCESSION #
20409217

 

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