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Report: Retiree Health Care -- A Growing Cost for the Government of California (PDF)
Legislative Analyst's Office, State of California 
Feb. 21, 2006 22 pages. Excerpt: This report discusses health benefits provided to retired public employees, focusing on state retirees. We find that the current method of funding these benefits defers payment of these costs to future generations. Retiree health liabilities soon will be quantified under new accounting standards, but state government liabilities are likely in the range of $40 billion to $70 billion -- and perhaps more. This report describes actions that the Legislature could take[.] MORE >> |
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