The Hidden Costs of Alabama’s State and Local Workforce

The Hidden Costs of Alabama's State and Local Workforce

Both the employment and compensation problems are significant contributing factors to Alabama’s unfunded pension and retiree health care liability.  According to official state estimates, Alabama’s pension system in FY 2012 was underfunded by almost $9.5 billion while the retiree health care system is underfunded by another $11.1 billion.