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Guinness Record?: City struggling with city retiree health costs   Message List  
Reply | Forward Message #708 of 6048 |

I commend to you the following article.

Duluth struggles with retiree health costs
Minnesota Public Radio - Saint Paul,MN,USA

...
obligations to retirees. According to Winson, until GASB rule 43, Duluth's health expenses were worrisome, but still manageable. ...

 As you read it, please consider two facts:

Fact 1:  Duluth, MN has roughly the same unfunded city employee retiree health liability as Newport ... both are about $150 Million.

Fact 2:  Duluth is 10 times larger than Newport.

Newport is likely a contender for the Guinness World Record for the   "Largest Per Capita City Employee Retiree Health Liability."

Anyone care to submit the record setting claim to Guinness?   Go to http://www.guinnessworldrecords.com/index.asp . Newport's claim would fall in the category of "History & Society << Big Money"

Mike Cullen

Mon Jan 17, 2005 8:46 pm

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I commend to you the following article. Duluth struggles with retiree health costs Minnesota Public Radio - Saint Paul,MN,USA ... obligations to retirees....
Mike Cullen
mcullen19
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Jan 18, 2005
4:44 am
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