Tuesday, December 11, 2007

about that $66,000,000 unfunded liability

Here's the presentation made by Rebecca Sielman, of Milliman Consultants and Actuaries, at the December 6, 2007 City Council Meeting. She spoke of new requirements imposed by GASB, the Government Accounting Standards Board, for how the city reports and accounts for future non-pension employee retirement benefits.

Does it sound dry? Actually, veteran blogger Daryl LaFleur finds it all to be quite fascinating. Visit his blog on the Valley Advocate, Northampton Redoubt, for an investigation of how the City of Northampton interprets its responsibilities toward some of its former employees.


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