'Unfunded Liabilities' and Uncertain Fiscal Financing
نویسندگان
چکیده
منابع مشابه
Will Public Sector Retiree Health Benefit Plans Survive? Economic and Policy Implications of Unfunded Liabilities.
Recent articles have reported a large and growing financial crisis associated with retiree health plans offered by state and local governments, and have expressed alarm over their impact on the financial status of these governmental units (Goldman Sachs 2007; David Zion and Amit Varshney 2007). The concern about the unfunded liabilities of retiree health plans follows from a change in the publi...
متن کاملRestoring fiscal integrity to medicaid financing?
Using survey data, we examined Medicaid supplemental payments (SPs), including disproportionate-share hospital (DSH) and upper payment limit (UPL) payments in 2005 and changes in these payments between 2001 and 2005. We found that states increased their use of general funds in financing of DSH payments while expanding the size and scope of other SPs considerably. Although the federal government...
متن کاملFiscal Sustainability and Contingent Liabilities from Recent Credit Expansions in South Korea and Thailand*
In the decades before the 1997–1998 Asian financial crisis, South Korea and Thailand experienced sustained economic growth attributable to investment growth and productivity gains. The investment underlying this economic expansion was financed by relatively high levels of private savings as well as by foreign borrowing. During the crisis, international creditors lost confidence in these countri...
متن کاملQuestions and Answers: California's First Retiree Health Valuation
The Legislature required the Controller to contract with actuaries for California's first valuation of unfunded state retiree health liabilities. reported that the state's estimated unfunded liabilities total $48 billion. This report answers key questions concerning the valuation and identifies actions the Legislature could take to address the state's liabilities. Analyst's Office (LAO) is a no...
متن کاملFunding unfunded pensions
For many larger multinational companies, unfunded pensions represent an unmanaged risk and a growing liability. With the removal of the ‘corridor’ in the new IFRS IAS19R accounting regulations, unfunded pensions have become an increased source of volatility on the corporate balance sheet. Despite this, until today, funding unfunded pensions locally has either been too expensive or not possible....
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2010
ISSN: 1556-5068
DOI: 10.2139/ssrn.1568955