Standard & Poor’s warned that retiree health care benefits are a growing burden for public universities.

“We believe that OPEB [other post-employment benefit] liabilities and pension costs will continue to grow, and in some cases, rise sharply, depending on investment markets and management assumptions,” the agency said. “It is also possible that states which have taken responsibility for [defined benefit] plans could shift some of these obligations back to their public universities.”

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.