Source: Truth in Accounting
Latest Data: 2022
Release Timing: Annual
Frequency: Annual
Contact: Sheila Weinberg, 847-835-5200, sweinberg@truthinaccounting.org

Unfunded Retirement Benefits (Reported) refers to the dollar amount for pension liabilities and other post-employment benefits (OPEB) reported on the city or state’s 'Statement of Net Position.' This number is calculated by summing the reported 'net pension liability' and 'net OPEB obligation.' This liability is then offset by any reported 'net pension assets' and 'net OPEB assets.'