OPEB Challenges on the Horizon

Shields, Yvette
June 2006
Bond Buyer;6/6/2006, Vol. 356 Issue 32396, p1
Trade Publication
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.


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