To Tell the Truth: How Much in Benefits Are Governments Promising Retirees?
Saturday, September 1, 2007
Many governments pay for retirement benefits like health insurance on a pay-as-you-go basis. They may be able to handle the costs now, but what about ten years hence? New regulations require them to conduct professional estimates of the magnitude of these future obligations and report the information in their financial statements.
Citation:
Allison, Gregory S. "To Tell the Truth: How Much in Benefits Are Governments Promising Retirees?" Popular Government 73, no. 1 (Fall 2007): 14-17.
Public Officials - Local and State Government Roles
Topics - Local and State Government