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New Accounting Rules Try to Spotlight Hidden Retiree Healthcare Debt
Calpensions 
June 29, 2015
"This month the Governmental Accounting Standards Board applied new rules for reporting pension debt to retiree heath care. It's a broader look, shows year-to-year changes, and requires local governments in state systems to report their share of debt.... The first report of California state worker retiree health care debt, following the earlier GASB directive, was $47.8 billion in 2007. By last year the debt had grown to $72 billion, larger than the $50 billion debt or 'unfunded liability' for state worker pensions."
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