By Truth in Accounting, includes “The public pension crisis has been a staple in the news cycle for the last decade. … But what the newspapers and others have failed to notice is the growing crisis of other post-employment benefits (OPEB) … Truth in Accounting's most recent report found that the 50 states have less than seven cents set aside to pay for every dollar of promised OPEB. … North Carolina, for example, is one of eight states that has significantly more OPEB debt than pension debt …”
Read the full article on: North Carolina Patch