TITLE

OPEB Challenges on the Horizon

AUTHOR(S)
Shields, Yvette
PUB. DATE
June 2006
SOURCE
Bond Buyer;6/6/2006, Vol. 356 Issue 32396, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the Michigan state government announced that it faces an 8 billion unfunded other post-employment benefits liability and releases a draft legislation on limited-tax general obligation pension bonds. The proposed legislation allows local governments to issue the pension bonds. The teachers' retirement system faces an even larger 16 billion dollars liability.
ACCESSION #
21157227

 

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