Waiting for the Other Pension Shoe to Drop: LA County is $25 Billion in OPEB Debt
UNDERFUNDED LIABILITY-A recently completed actuarial report shows that Los Angeles County has over $25 billion in unfunded retiree healthcare liabilities — and this constitutes the greatest threat to the county’s long term fiscal sustainability. LA County’s Other Postemployment Benefit (OPEB) unfunded liability turns out to be greater than its unfunded pension liability.