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Sacramento City Manager Details Unfunded Retiree Healthcare Liability
The Sacramento Bee
Jan. 9, 2013
"Most worrisome ... is $440 million in retiree medical benefits that the city has no plan to fund besides annual payments of $11 million from the already battered general fund budget, which funds core city services such as police protection, park maintenance and fire personnel. The total unfunded liability stemming from medical benefits has grown by $60 million in the past five years."
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