Tag: OPEBs
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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…
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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…