"It isn't just the potential $500 billion state public-employee pension debt that threatens California's fiscal future. Also underfunded is the promised medical care for those retirees. According to a recent report by state Controller John Chiang, California has 'an actuarial accrued liability of $63.85 billion' for these retiree medical costs over 30 years. That's up $1.7 billion from the previous year."  MORE >>