A far-reaching change to accounting rules for public employers has attorneys across the country braced for a surge of legal work. The new rules require government entities to calculate and report how much they owe for health care costs and other post-employment benefits for their present and future retirees. These rules, prompted in part by the recent demise of employee pensions among several private companies, also call for public employers to show how they will pay for those benefits.
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Posted on Friday, December 8th, 2006. Filed under: Employment, Law Misc
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