Summary
A recent commentary claims that the Other Post Employment Benefits crisis is not as bad as the governor and lawmakers suggest (June 15). It cautions a judicious response, suggesting it is not a real liability, as the state has no statutory legal obligation to fund retiree health costs.
"As long as the state can afford to pay its share of OPEB, then we should do so and not let unelected accountants dictate policy," the writer further states. The op-ed concludes with its real question: Do we invest $600 million in a trust fund or do we invest that money in our future work force?See the full content of this document
Extract
We Must Fund Opeb, Invest in Our Future
I believe this is one of the most significant and immediate crises affecting West Virginia's long-term fiscal health.
OPEB is an $8 billion unfunded liability, under present estimates. It is real, and we must address it now to protect our current and future empl...See the full content of this document
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