Uncovering the True Cost of Government Retiree Benefits

State and local governments across the nation are coming face to face with the true cost of post-retirement benefits thanks to an accounting rule change mandated by the Governmental Accounting Standards Board (GASB). Under GASB Statement 45 of 2004, governing bodies have to disclose and determine the long term liabilities associated with post-retirement benefits other than pensions, also referred to as OPEB. Continue

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