CHICAGO - Wisconsin's largest local governments face a collective $6 billion unfunded liability for retiree health care benefits, with Milwaukee-area governments and school districts representing about $4.5 billion of the total, according to a new study from a local government policy watchdog group.

The report - Government Retiree Health Benefits: Wisconsin's Ticking Time Bomb, from the Wisconsin Policy Research Institute - warns of the risk the other post-employment liabilities pose to taxpayers if action is put off.

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