New accounting rule could boost districts' retirement costs

A new Government Accounting Standards Board rule that changes how school districts and local governments calculate costs for nonpension benefits could cause annual employee retirement expenses to become as much as 10 times higher. The head of Wisconsin's Port Edwards School District says that while the change, which takes effect next year, will better inform the public of nonclassroom costs, he wonders where the district will find the extra money.

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Milwaukee Journal Sentinel (tiered subscription model)

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