Report: States, Localities Facing Pension, OPEB Challenges

Vadum, Matthew
April 2006
Bond Buyer;4/6/2006, Vol. 356 Issue 32355, p29
Trade Publication
The article reports on the result of the fiscal studies program of the Nelson A. Rockefeller Institute of Government indicating the budget challenges faced by U.S. states and local governments regarding the increasing cost of pensions and other post-employment benefits. The rising life spans and governments' enhancement of pension benefits also added pressures to the states and localities. Analysts estimated that local governments could have unfunded post-employment benefits as high as one trillion dollars.


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