Unfunded liabilities are the difference between the benefits promised to current and future retirees and how much will be collected in premiums. Alabama, like almost every other state, is carrying massive unfunded liabilities for state education employee health benefits that are requiring massive payments to remain solvent. According to a July 2010 report by the Retirement Systems of Alabama (RSA), more than $11.9 billion in healthcare benefits have been promised to the more than 138,000 members of the state’s Public Education Employee Health Insurance Program (PEEHIP) and 147,000 of their dependents.