High-Risk Update–Other Postemployment Benefits: Significant Financial Risk Exists if the State Does Not Actively Manage the Costs of State Retirees’ Health and Dental Benefits

Source: California State Auditor, Letter Report 2008-607, April 2009

This letter report presents a review conducted by the Bureau of State Audits (bureau)
concerning the State’s efforts to manage the financial risks associated with the costs of other
postemployment benefits–or benefits in addition to pensions. Commonly referred to as OPEB,
other postemployment benefits encompass primarily medical and dental insurance provided to
retired state employees. This review follows up on the discussion of these risks in our May 2007
report titled High Risk: The California State Auditor’s Initial Assessment of High‑Risk Issues the
State and Select State Agencies Face (2006‑601).
See also:
Fact Sheet

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