TITLE

Actuary: Florida Governments Must Report 'Implicit Subsidies' as OPEBs

AUTHOR(S)
Sigo, Shelly
PUB. DATE
June 2006
SOURCE
Bond Buyer;6/15/2006, Vol. 356 Issue 32403, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the retirement benefit plans for every local government employees in Florida. The subsidy is presented under other post-employment benefits (OPEB) which was approved as an ideal grant stated in the Government Accounting Standard Board's Rule 45. Furthermore, the law includes the obligation of the local government agency to offer health insurance to retired personnel upon leaving their post.
ACCESSION #
21276468

 

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