New Jersey, New York, Connecticut and Illinois are all pay-as-you go states with totally unfunded OPEB liabilities.

新泽西州、纽约州、康涅狄格州和伊利诺伊州的OPEB债务都是即付式，完全没有资金储备。

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But the bigger problem is the giant shadow cast by the pension and OPEB liabilities that are absent from balance sheets.

但更大的麻烦是表外养老金和OPEB债务投下的巨大阴影。

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He also notes that their liabilities for other post-retirement benefit (OPEB) obligations are largely unfunded.

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