New Jersey received $7.4 billion of good news this week as an outside actuarial report now pegs the state's unfunded other post-employment benefit liability at $50.65 billion, down from the previous years' shortfall of $58.59 billion.

The liability reflects the state's total obligation through fiscal 2007. Aon Consulting calculated the state's OPEB figures, which include health care and other non-pension benefits for retired state employees. Health care obligations also decreased at the municipal level, with local governments now showing a total OPEB liability of $9.09 billion as of July 1, 2007, down from the previous year's unfunded shortfall of $10.87 billion, a difference of $1.78 billion, according to the Department of Treasury.

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