N.Y. Leads With $66.5 Billion Unfunded Retiree Cost, S&P Says - Bloomberg:
"New York’s $66.5 billion unfunded obligation for costs such as retiree health care is the largest among U.S. states as the governments’ combined liability fell about 3 percent from a 2011 survey, Standard & Poor’s said.
The liability of the third-most-populous state surpassed that of California, which has a $65 billion unfinanced burden, according to an S&P report released today.
New Jersey was third with $64 billion in other post-employment benefits.
Oklahoma had the lowest.
States’ collective burden was about $529 billion. "
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