TITLE

As Revenues Continue to Rise, Actuary Wanted for GASB Compliance

AUTHOR(S)
Cohen, Jackie
PUB. DATE
March 2006
SOURCE
Bond Buyer;3/30/2006, Vol. 355 Issue 32350, special section p76
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article provides an overview of the fiscal condition of Hawaii. The other post-employment benefits (OPEB) of Hawaii is funded on a pay-as-you-go basis. Hawaii is planning to hire an actuary to assess the liabilities of the state and to make it compliant with the new accounting rules by the 2008 deadline. The State of Hawaii Employees' Retirement System has a funding ratio of 68.6 percent.
ACCESSION #
20409251

 

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