Unreleased Report Shows Los Angeles Unified School District’s Unfunded Retiree Health Benefit Liability Nears $15 Billion

Los Angeles Unified School District has $15 billion in unfunded retiree health care obligations, amounting to over $30,000 per student, according to a new actuarial report commissioned by the district and obtained by Reason. The cost of servicing this large “Other Post-Employment Benefit’ or OPEB liability significantly reduces funds available

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