States owe nearly a trillion dollars in liabilities on top of unfunded pensions, report shows
(Worthy News) – Unfunded state debt for things like retired public employees health care coverage continues to balloon to an unsustainable level, according to a new report.
The American Legislative Exchange Council released its report Thursday on “Other Post-Employment Benefit (OPEB) Liabilities,” which total about $959 billion.
The Center Square recently reported on the huge debt levels for state pensions, which have grown to more than $8 trillion in unfunded liabilities. Thursday’s ALEC report details the other state employment obligations that are not included in pensions that public employees can receive after they retire. This can include things like life insurance, health insurance and more. [ Source: Just the News (Read More…) ]
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