Unfunded Health Care Liabilities Leave States And Taxpayers At Risk

Today, the American Legislative Exchange Council (ALEC) released a report on unfunded liabilities. Beyond public pensions, state governments offer retired public employees other post-employment benefits (OPEB), such as health insurance. Currently, total state unfunded OPEB liabilities exceed $1 trillion (e.g., California $166 billion+, New Jersey $129 billion+, and New York $128 billion+).

The report can be obtained at https://www.alec.org/app/uploads/2020/01/OPEB-Web.pdf.