Other Post-Employment Benefit Liabilities, 2020
by Jonathan Williams, Lee Schalk, Thomas Savidge & Skip Estes
- Published: June 10, 2021
- Authors: Jonathan Williams, Lee Schalk, Thomas Savidge, Skip Estes
- Issues: Pension Reform, State Budgets
- Series: State Debt Series
Introduction
While not as well-known as public pension plans, state governments also offer retired public employees other post-employment benefits (OPEB). These benefits include health insurance, life insurance, Medicare supplement insurance and other benefits as well.
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Other Post-Employment Liabilities, 6th Edition measures unfunded OPEB liabilities, now totaling over $1.14 trillion, just under $3,500 for every man, woman, and child in the United States. Other post-employment benefits…
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