California's other fiscal time bomb: $187 billion in OPEB liabilities.

The article discusses the state and local agencies in California which have $187 billion in unfunded retiree health care and other benefit liabilities that threaten to crowd out public services such as public safety and education that Californians are expecting for the government to provide. It states that the unfunded liabilities comes from a Reason Foundation review of audited financial statements published by the state, University of California system and several local governments.