Tag: OPEB liabilities

rear view of a man in wheel chair with a young woman leaning over to talk

In a recent study, the Center estimated the aggregate unfunded liabilities for state and local governments’ other post-employment benefits (OPEBs), the largest of which relate to retiree health insur­ance.  These unfunded liabilities are $862 billion, equivalent to 28 percent of unfunded pension liabilities – when pension liabilities are calculated with an interest rate comparable to…

Senior hand using glucose monitors at a table

In addition to pensions, most state and local governments provide other post-employment benefits (OPEBs), the largest of which is retiree health insurance.  Retiree health plans have received increased attention in recent years due to rapidly rising health costs and new reporting guidelines from the Governmental Accounting Standards Board (GASB).  These guidelines now require states and…