Every state, county, and municipality is grappling with the pension and OPEB crisis. A post-recession economy, increasing numbers of retiring Baby Boomers, and reexamined actuarial assumptions have placed governments in a challenging position where the money promised is more than what will be available. Figuring out how to finance pensions and OPEB has many governments scavenging to find the money to keep these promises.
In this ebook, explore the options available to governments to address this crisis, including:
- Brief review of factors causing the crisis
- How governments are attempting to address it
- Recommendations for addressing the pension and OPEB crisis