What are OPEB funding ratios typically described as, based on the text?

OPEB (Other Post-Employment Benefits) funding ratios are commonly described as low, with aggregate funding ratios typically hovering around 5%. This reflects a broader trend of insufficient funding for OPEB liabilities across many governmental entities. Governments often struggle to allocate sufficient resources to fully fund these benefits, leading to significant unfunded liabilities. This underfunding presents challenges for ensuring that future obligations can be met, and affects the overall financial health and sustainability of governmental plans. A low funding ratio signifies a reliance on future revenues to cover these obligations, highlighting a crucial area for policymakers to address, as well as an important consideration for those analyzing governmental financial positions.