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California Supreme Court Throws Municipalities a Life Preserver
Orange County Register Link to more items from this source
May 21, 2014
"While it was commonly believed that 'other post-employment benefits,' such as retiree health care, were not vested rights like pensions, the [California Supreme Court's refusal to review the lower] court decision helps to put to rest any arguments to the contrary and allows the state and local governments to tackle one of their greatest unfunded liabilities. A report by the [California] Legislative Analyst's Office this month detailed $200 billion in unfunded liabilities. The largest of these obligations were teachers' pensions ($73.7 billion) and retiree health care benefits ($64.6 billion)."

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