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Paying Retiree Health Costs: CalPERS Invites Local and State Agencies to Join a Benefit Trust
The Sacramento Bee
July 27, 2007 Excerpt: In the coming months, cities, schools, public hospitals, colleges and other government agencies could be putting millions more into a fledgling retiree health benefit trust managed by the nation's largest public pension fund. The goal is to generate hefty investment returns to help the state and local agencies pay the burgeoning costs to cover retiree health benefits in the decades ahead. MORE >> |
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