But plans differ greatly from state to state.
WASHINGTON, July 15 /PRNewswire-USNewswire/ -- States have unfunded liabilities for retiree health care of about $558 billion, including for teachers, according to a new report from the Center for State and Local Government Excellence.
"At a Crossroads: The Financing and Future of Health Benefits for State and Local Government Retirees" is the first systematic (entire workforce) assessment of the level of OPEB (other post-employment benefits) liabilities of US states and a sample of localities.
Center for Excellence Executive Director Elizabeth K. Kellar and North Carolina State researchers Richard Kearney, Robert Clark and Jerrell Coggburn will discuss the report in an audio news conference on Wednesday, July 15, 1-2 pm EDT. Dial 1-866-394-4041; enter access code 19720405 when prompted.
Key findings of the report include:
About the Center for State and Local Government Excellence
The Center for State and Local Government Excellence helps state and local governments become knowledgeable and competitive employers so they can attract and retain a talented and committed workforce. The Center identifies best practices and conducts research on competitive employment practices, workforce development, pensions, retiree health security, and financial planning. The Center also brings state and local leaders together with respected researchers and features the latest demographic data on the aging workforce, research studies, and news on health care, recruitment, and succession planning on its website, www.slge.org.
|SOURCE Center for State and Local Government Excellence|
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