Market downturns may create opportunity for starting OPEB prefunding trusts
"It could be a once-in-a-decade opportunity if the economy trends lower in coming months," columnist opines. (Governing.com)
September 22, 2008
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New York Governor vetoes labor-backed retiree health bill
Prior governors also vetoed the bill, which seeks to prevent local governments from cutting retiree health spending. (The Ithaca Journal)
September 5, 2008
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South Carolina Supreme Court says retiree trust fund is unconstitutional
Municipal Association trust used by Charleston and other cities cannot invest in corporate stock, court says. (Pension and Investments)
August 18, 2008
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About half of local governments have or are in process of gauging liability
"Decisions about funding and…tools to reduce future liability have yet to be widely determined," nonprofit reports. (www.marketwatch.com/Cobalt Community Research)
August 18, 2008
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