Template-Type: ReDIF-Article 1.0
Author-Name: Catherine Plante
Title:  Other Post Employment Benefits-The Other Elephant in the Room
Abstract:  The governments of the fifty states of the United States have made promises to past and present employees regarding retirement benefits-predominately pensions and healthcare coverage. The issues surrounding the pension obligations made to these employees have been well examined but the obligations due to promises of healthcare coverage have not received as much attention. There is great variance among the OPEB liability reported by the states. This study examines reasons for the variance. The future payment of healthcare obligations, like pensions, will put extreme stress on states in the future if the impact of these promises is not understood now. Understanding the influence healthcare assumptions have on the reported liabilitites is an important step to understanding these liabilities.
Keywords: Post-Employment Benefits (OPEB), Great Variance Among, Retirement Benefits, Comprehensive Annual Financial Reports (CAFRs)
Journal: American Journal of Economics and Business Administration
Pages: 122-128
Volume: 4
Issue: 2
Year: 2012
Month: April
DOI: 10.3844/ajebasp.2012.122.128
File-URL: https://thescipub.com/pdf/ajebasp.2012.122.128.pdf
File-Format: Application/pdf
File-URL: https://thescipub.com/abstract/ajebasp.2012.122.128
File-Format: text/html
Handle: RePEc:abk:jajeba:ajebasp.2012.122.128