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Cost of Retiree Healthcare Benefits for States and Municipalities: The Next Shoe to Drop?
Governing Link to more items from this source
Apr. 22, 2013

"Kentucky is ... opting to issue bonds in order to cover its annual costs for 'other post-employment benefits' (OPEB), which includes benefits like health care and life insurance for retired workers. In fiscal 2012, the state's five main retirement health insurance plans combined for a total unfunded liability of more than $6 billion, while the state's OPEB cost that year was nearly $850 million ... The tactic of borrowing money to pay for those costs has not won the state favor with ratings analysts."

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