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The hidden $700 billion debt owed to public workers

SEPTEMBER 21, 2017 | by Eric Boehm | REASON

By Eric Boehm, includes "States collectively owe more than $1 trillion in pension benefits to current public workers and retirees, but that oft-cited figure does not include the cost of other retirement benefits for government workers and public school employees. That's largely because states don't bother accounting for their so-called "Other Post-Employment Benefits," or OPEB, costs in the same way that they do for pensions. ..."

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