Task Force Calls For End to Group Self-Insured Trust System

By Michael Whiteley, Eastern Bureau ChiefA New York state task force on Monday released a report calling for abolishment of the state's troubled group self-insured trust system by the end of this year and warning that the results of ongoing forensic audits could push total unfunded liabilities above $600 million.The report comes more than two years after the New York Legislature passed a set of stop-gap reforms meant to shore up the trust system following the failure of 15 trusts beginning in 2006.The task force said the insolvent trusts now have a combined deficit of $498 million, based o...