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Beyond pension debts, California owes $183.6 billion in public-employee retirement benefits

Beyond pension debts, California owes $183.6 billion in public-employee retirement benefits

The Center Square  Net liabilities in California for so-called other post-employment benefits (OPEBs), which consist mainly of health care obligations to retired public employees, stood at about $183.6 billion in fiscal-year 2019, according to a new analysis from the Reason Foundation.  With a population of 39,512,223, the state posted a per-capita OPEB liability of $4,647, which […]