Tag: OPEBs
Many are fine, but a handful face an almost insolvable problem. The Center just released a brief that provides a comprehensive accounting of state and local government liabilities for pensions and other post-employment benefits (OPEB) and the fiscal burden that they pose on states, counties and cities. It also includes debt service costs to…
Liabilities are large, but several factors limit their potential drain on resources. 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…