Tag: OPEBs
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 provide a full picture of government revenue commitments to long-term liabilities. To…
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…