01
Oct
2013

Ruling could hike state liabilities

Categories: OPEB/GASB 45/75
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From U-T San Diego, by Steven Greenhut,  September 24, 2013

SACRAMENTO — California’s public-employee unions scored a key legal victory this month that will make it far more difficult for local and state agencies to rein in the growing debts to cover medical-care promises made to their employees. Such costs are even more ominous than unfunded liabilities for pensions, according to state Treasurer Bill Lockyer.

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