Flash back to 2004, when the governmental accounting community began to seriously address the balance sheet and cost-accounting liabilities for “other post-employment benefits” such as retiree health ...

Unfunded retiree health-care benefits are the most material long-term liability for about one in 10 states and local governments, Moody's Investors Service says. Retirement liabilities other than ...

WASHINGTON - In an effort to boost disclosures for non-pension, health care, and other post-employment benefits, the National Federation of Municipal Analysts is urging issuers to release as much ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor of Science in ...

In 1994, the Governmental Accounting Standards Board established standards for public employee pension plans. Government and public employers have to report and account for pension benefits ...

There’s a crisis in retiree health-care funding, and it continues to get worse for state and local employers. It’s one thing to pay this year’s premiums, but it’s even harder to come up with the money ...

For too long, citizens and government officials were not provided with the financial information needed to make knowledgeable tax and spending policy decisions. This resulted in all 50 states ...

GASB released two important standards intended to disclose the nature and extent of nonpension post-employment benefit liabilities largely related to health care. Governments are not required to fund ...

In June 2015, GASB issued Statement No. 74, Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans, and Statement No. 75, Accounting and Financial Reporting for Postemployment ...