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Pension and OPEB costs weigh on government balance sheets

Sheila Weinberg  |  October 9, 2019

Op-ed by Sheila Weinberg, includes “For too long, citizens and government officials were not provided with the financial information needed to make knowledgeable tax and spending policy decisions. This resulted in all 50 states accumulating a combined $1.5 trillion in debt related to pension and other post-employment benefits, while elected officials claimed balanced budgets. … Sadly, future taxpayers are going to be stuck paying for current pension and OPEB benefits.”

Read the full article on: Accounting Today

 
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