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A preliminary analysis by the State of Alabama estimated the total obligation for providing retiree health insurance at $11 billion.
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That resulted in a total obligation of $304,000, Stuart Pierson, a lawyer for Mr. Kellett, said.
New York State runs such a pooled system, for example, and it reports total obligations of $177 billion.
Mr. Stein, the taxpayer advocate, said his own calculations put taxpayers' total obligation over the next 50 years at more than $10 billion just for projects that have already been approved.
In return for the revisions, US Airways made an early payment of $250 million in cash, reducing its total obligation to $725 million.
A favorable result that shows the income holding a strong proportion against total obligations can work for the proposed borrower seeking loan acceptance.
Other countries have obscured their total obligations as well.
The result is known as the Total Obligations to Income ratio.
Under current rules, such pooled systems report an aggregate pension obligation for their member governments, with no requirement that each municipality reveal its share of the total.
A decade ago, there was an obligation for "best execution" of orders.
Europe's no longer an obligation for it.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com