Senior and employer groups squared off at a House committee hearing over a bill to bar employers from reducing or eliminating retiree health benefits for current retirees.
(Select News,
26 Sep 2008)
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The SEC has issued its roadmap proposing mandatory international financial reporting standards for US public companies starting in 2014, with voluntary adoption allowed for some companies starting in 2010. Public comments are due Feb. 19, 2009.
(GRIST,
19 Nov 2008, 1 page)
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As more employers transfer retiree medical liability to union-sponsored VEBA trusts, CMS has issued guidance confirming that VEBAs can participate in the Part D retiree drug subsidy (RDS) program but must file their own RDS applications.
(GRIST,
14 Nov 2008, 1 page)
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Sponsors of pension, retiree health and other post-retirement benefits plans will have to make expanded disclosures about their plans' assets for years ending after Dec. 15, 2009. System updates may be needed soon to track required information.
(GRIST,
31 Oct 2008, 2 pages)
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In a survey of GASB 45 implementation among Phase I local governments in North Carolina, the author found 18 governments decided to keep pay-as-you-go funding, four are funding the actuarially required contribution and three haven't made a decision.
(Center for State and Local Government Excellence,
19 Nov 2008,
20 pages)
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GASB 45 requires public sector entities to account for retiree medical benefits. This article identifies key issues raised by the accounting change, including quantifying and funding OPEB liabilities, and determining an investment strategy.
(JPMorgan,
4 Nov 2008,
44 pages)
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State employees' retiree health benefits vary widely in their generosity, coverage and cost. This report examines each state's retiree health plan including eligibility requirements, premiums and dependent coverage.
(Center for State and Local Government Excellence,
1 Oct 2008,
32 pages)
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For state and local governments focused on mitigating future retiree health care liabilities, this issue brief provides an overview of several policy alternatives including cost containment, cost sharing and pre-funding approaches.
(Center for State and Local Government Excellence,
30 Sep 2008,
16 pages)
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