Will Pensions and OPEBs Break State and Local Budgets?
October 4, 2016
The brief’s key findings are:
- The analysis looks at the costs of pensions, OPEBs, and debt service for all states and the largest counties and cities.
- Costs assume a 6-percent discount rate and an adequate amortization schedule, and are compared to own-source revenue.
- The good news is that the total cost burden appears under control in many jurisdictions, but a handful face an enormous challenge.
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Citation
Munnell, Alicia H. and Jean-Pierre Aubry. 2016. "Will Pensions and OPEBs Break State and Local Budgets?" Issue in Brief 51. Chestnut Hill, MA: Center for Retirement Research at Boston College.
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