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HeadLocke No. 80: North Carolina offers model for addressing retiree health benefit crisis

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HeadLocke No. 80: North Carolina offers model for addressing retiree health benefit crisis

 
 
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North Carolina’s State Health Plan for current and former government employees faces more than $34 billion in unfunded liabilities. But a new report from the Manhattan Institute suggests the Tar Heel State has taken two major steps since 2006 that will help deal with long-term retiree health benefit costs. The report suggests North Carolina’s efforts to “defuse” the “state debt bomb” could serve as an example for other states. Report author Daniel DiSalvo, senior fellow at the Manhattan Institute, explains the two steps. He also explains why North Carolina and other states need to take some action in rein in costs labeled Other Post-Employment Benefits, or OPEB.

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