TITLE

Raters Don't Expect Immediate OPEB Effects

AUTHOR(S)
Shields, Yvette
PUB. DATE
April 2006
SOURCE
Bond Buyer;4/3/2006, Vol. 356 Issue 32352, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on rating agencies' expectation that the Reporting Rule No. 45 of the U.S. Governmental Accounting Standards Board will not have immediate other post-employment benefits (OPEB) effects. The rule will require local and state governments to shift the accounting for the costs of OPEB from a pay-as-you-go basis to a long-term accrued basis. The OPEB primarily affected by the rule is the retiree health care-related costs.
ACCESSION #
20409260

 

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