States owe nearly a trillion dollars in liabilities on top of unfunded pensions, report shows – Just the News

The American Legislative Exchange Council released its report Thursday on “Other Post-Employment Benefit (OPEB) Liabilities,” which is about $3,000 for every U.S. resident. California, Texas, New York, New Jersey and Illinois rank as the five worst states. “Without real policy reforms, defined benefit OPEB plans will place a severe burden on taxpayers and other state spending priorities,” ALEC Chief Economist Jonathan Williams said.