Panelists Warn of 'OPEB Tsunami,' Urge Early Liability Disclosure

Hume, Lynn
May 2006
Bond Buyer;5/5/2006, Vol. 356 Issue 32375, p6
Trade Publication
The article reports on the views of municipal market experts at a panel on health care and other post-employment benefits (OPEB) during the annual conference of the Federation of Municipal Analysts (NFMA) in May 2006 in Santa Monica, California. Robert Larkins, managing director for Lehman Brothers Inc. has warned NFMA members on the huge amount of unfunded actuarial accrued liability of state and local governments. Standard & Poor's Corp. director Parry Young has agreed on the statement of Larkins.


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