Will the GASB rule changes hurt retirees?

November 2008
State Health Watch;Nov2008, Vol. 15 Issue 11, p9
The article discusses the impact of Government Accounting Standards Board (GASB) rule changes on the post-employment benefits of retired workers in the U.S. The rules require government employers to measure and report the liabilities associated with post-employment. According to Ilene Marcus, senior director of pricing for Medco Health Solutions' Retiree Solutions group, improved financial flexibility offered by an Employer Group Waiver Plan (EGWP) could lead to higher bond ratings, accompanied by lower borrowing costs and bond insurance premiums.


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