March 24, 2006
Bank Will Help Community Colleges in California Meet Accounting Standards for Retiree Benefits
The group that represents governing boards, presidents, and chancellors of the California Community Colleges system has turned to the Union Bank of California to help the institutions meet new federal accounting standards for retiree health benefits.
The new standards, which take effect in 2007, require public agencies nationwide, including colleges, to determine the cost of providing health-care benefits for current and future retirees and acknowledge the outstanding liabilities on
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