States are facing more than $1 trillion in unfunded future liabilities related to health and life insurance benefits for their retired employees, a growing shortfall that amounts to about $3,100 for every person in the United States, according to a new report by the American Legislative Exchange Council (ALEC).
ALEC, which has come under attack by left-wing advocacy groups in recent years, describes itself as “the nation’s largest nonpartisan, voluntary membership organization of state legislators, with more than 2,000 members across the nation.”
