Connecticut’s total unfunded liabilities for other post-employment benefits like retiree healthcare totals $23.3 billion placing Connecticut 41st in the nation based on the size of its liability, according to a new report from the American
OPEB debt
Barron’s, the financial investor publication, conducted an overall “credit worthiness” scorecard for states and ranked Connecticut near the bottom of the pack, despite a hefty budget reserve fund. Connecticut currently has an A1 stable credit
North Carolina recently overhauled its retirement medical benefits for state employees – also known as OPEB – to relieve a growing $34.4 billion debt, according to a new report released by the Manhattan Institute, but
Connecticut’s total state and local unfunded pension and other post-employment benefits (OPEB) liability is a whopping $124.9 billion, according to an independent report delivered to the Connecticut Council of Municipalities. Pro Bono Public Pensions, a
A new study from the Manhattan Institute, a free-market think tank based in New York City, reported improvements for one of Connecticut’s underfunded long-term debts – namely its medical benefits for state retirees and teachers.
Connecticut would have to pay 35 percent of its total revenue for the next 30 years to cover all its retirement obligations to state employees and teachers, according to a report released by JP Morgan.
Connecticut dropped twelve places to rank second worst in the nation for fiscal solvency, according to an annual ranking of states released last week by the Mercatus Center at George Mason University.