Don Turner for Vermont

Check out my recent op-ed about unfunded liabilities in the Brattleboro Reformer, and share it with your friends so we can bring attention to this important issue!

“Every year, when budget writers in Montpelier begin their work — and legislators begin to determine what to spend — the backdrop of these conversations is marked by a unavoidable reality: Vermont has a serious problem with its unfunded liabilities.

All together, we have a total liability of just over $8 billion — that’s billion, with a “b.” For comparative purposes, that’s larger than our entire state budget. These liabilities are composed of our teachers’ pension ($3.4 billion), teachers other post-employment benefits, or OPEB ($0.9 billion), state employees’ pension ($2.7 billion), and state employees OPEB ($1.2 billion). We have a little over $3.5 billion of assets, leaving us with an “unfunded” liability of about $4.5 billion dollars.”Check out Don Turner’s latest op-ed about Vermont’s unfunded liabilities in the Brattleboro Reformer, and share it with your friends so we can bring attention to this important issue! #vtpoli

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Author: https://facebook.com/287451939759 – Chittenden County Republican Party


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Emily Lewis

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