State Has $25.5 Billion Unfunded Retiree Health Liability

RALEIGH — The state of North Carolina has unfunded liabilities for its retiree health benefit fund totaling $25.5 billion, a legislative oversight committee learned Monday. While the state should have no problem paying retiree health care benefits in the near future, if no action is taken, payments could be jeopardized at a later time, analyst Kiernan McGorty said.