The RI Communities With the Highest Post-Employment Benefit Liabilities

Friday, April 10, 2015
Russell J. Moore, GoLocalProv Contributor
http://www.golocalprov.com/news/the-ri-communities-with-the-highest-post-employment-benefit-liabilities

There has been plenty of attention and scrutiny involving the pension crisis and settlement over the past several years, but there's another liability that’s facing local governments around the country and in Rhode Island.

In addition to pensions, local governments have promised workers pension benefits, known as OPEB, to cover their bills in their retirement years.

What's OPEB?
Municipal governments have promised workers OPEB benefits, which stands for "other post-employment benefits", the vast majority of which are health care benefits in the form of providing health insurance