Sentences with phrase «retiree health care liabilities»

Across the country, many states are facing large pension and retiree health care liabilities.

Connecticut has one of the highest ratios of debt to personal income and the fifth highest ratio of state retiree health care liabilities to income, according to a Pew Charitable Trusts report released Tuesday.

Not exact matches

One board member, Lawrence Golub, said the city has no long - term plan to address its massive liability for health care costs for retirees.

Mr. Klein worked closely with the City Actuary and the City Comptroller's Office to implement new accounting standard requiring the estimation of the City's long term liability for retiree health care costs (OPEB).

LA Unified projects that the unfunded liability for retiree health care benefits is $ 13.6 billion, and district staff has warned year after year that the district must start paying down that debt, but to no avail.

That the city might still end up in bankruptcy after three months of negotiations is not surprising when you consider its extreme fiscal plight, including some $ 400 million in unfunded liabilities for retiree health care.

That debt is made up of two chunks: $ 254 billion in pension liabilities and $ 147 billion in retiree health care.

GM has only made a dent in the total liabilities that it faces in pension and health care (active and retiree).