Featured Jobs
|
Nova 401(k) Associates
|
|
Distributions Processor - Qualified Retirement Plans Anchor 3(16) Fiduciary Solutions, LLC
|
|
EPIC RPS
|
|
DWC ERISA Consultants LLC
|
|
BPAS
|
|
The Pension Source
|
|
Merkley Retirement Consultants
|
|
Retirement Combo Plan Administrator Heritage Pension Advisors, Inc.
|
|
July Business Services
|
|
BPAS
|
|
Defined Benefit Specialist II or III Nova 401(k) Associates
|
|
Compensation Strategies Group, Ltd.
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
|
California Gov. Brown's Long Road to Retiree Health Cost Relief
Calpensions
Apr. 11, 2016
"The state paid $458 million in 2001 (0.6 percent of the general fund) for state worker retiree health care and is expected to pay $2 billion (1.7 percent of the general fund) next fiscal year -- up 80 percent in just the last decade.... The debt or 'unfunded liability' for retiree health care promised state workers has grown to $74.1 billion ... much larger than the unfunded liability reported by CalPERS for state worker pensions, $43.3 billion.... The state usually pays 100 percent of the health care insurance premium for retirees and 90 percent of the premium for dependents."
|
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |