Unfunded Liabilities: Pay As You Go Not Sustainable

Following up on last night’s post Unfunded Liabilities, the presentation finance head Ken Pennoyer made is here [MS Powerpoint].

This graph isn’t only a call-to-arms for Chapel Hill but is reflective of why health care reform is critically needed NOW.

If the Town decides to change its plan in response to the OPEB criteria, the escalating cost of health-care and the inherent risk that at some point Chapel Hill’s taxpayers can no long sustainably “pay as you go”, we still must make sure that the end-result is a comprehensive, competitive, yet fiscally prudent, benefits package to continue to attract and retain topnotch staff.



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