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New Jersey Taxpayers Face $130 Billion in Unfunded Liabilities for Government Retiree Health Care Benefits, Only California Faces larger

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the staff of the Ridgewood blog

 

Ridgewood NJ,  In terms of retired public employee health care benefits, New Jersey has greater unfunded liabilities – $130 billion – than every state but California, according to a new report from the American Legislative Exchange Council (ALEC). The new report, Other Post-Employment Benefit Liabilities, 2019, examines the unfunded liabilities in each state for other-post employment benefits (OPEB)which include health insurance, life insurance, Medicare Supplement Insurance and more for retired public employees.

Continue reading New Jersey Taxpayers Face $130 Billion in Unfunded Liabilities for Government Retiree Health Care Benefits, Only California Faces larger