New York City’s Unfunded OPEB Liability Surpasses $100 Billion

In Politics by Michael Rae

A recent actuarial report issued by New York City’s controller shows the city’s unfunded other post-employment benefits (OPEB) liability rose by $9.3 billion to $107.8 billion during the 2019 fiscal year.
Due to a recent federal tax change, this amount should be trimmed slightly before it appears on New York City’s