Changing and/or funding opeb promises
A typology of local government responses to gasb 45 and the realization of opeb liabilities
Bibliographic Data
| ID | 20201705 |
|---|---|
| Authors | Juita-elena Yusuf (0000-0003-3599-1417, Old Dominion University), Juita Elena Yusuf, Thomas Musumeci |
| Year | 2012 |
| Volume | 24 |
| Issue | 3 |
| Pages | 369-396 |
| Publication date | 2012-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Public Budgeting Accounting & Financial Management (JOURNAL) |
| Journal identifiers | ISSN: 1096-3367 • E-ISSN: 1945-1814 |
| Publisher | Emerald (PUBLISHER) |
| DOI | 10.1108/jpbafm-24-03-2012-b001 |
| OpenAlex | W2578810063 |
| Language | EN |
| Citations received | 1 |
| References cited | 11 |
GASB Statement No. 45 addresses how governmental units account for employees' other post-employment benefits (OPEB), requiring government employers to replace OPEB reporting on a pay-as-you-go basis with an accounting of the cost of current and future benefits. This requirement and the resulting OPEB liability may prompt government employers to reconsider key questions regarding their OPEB provision. The size of the OPEB liability depends on both the benefit promises made to employees and the assets to fund these promises. We propose a typology that defines four approaches for governments to respond to GASB 45 and their OPEB liabilities. These approaches represent different combinations of strategies involving OPEB promises and assets. We illustrate these strategies and responses using selected counties and nine mid-Atlantic cities
Actuarial science · Business · Computer security · Contingent liability · Current liability · Debt · Economics · Liability · Market liquidity · Political science · Public economics · Sociology · Typology · Climate Change Policy and Economics · Computer Science · Law · Taxation and Compliance Studies · Accounting · Finance
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,09 |
| Citation span | 2015 - 2015 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |