Chiang unveils updated costs for funding state retiree health benefits

State Controller John Chiang today released a new report showing the unfunded actuarial accrued liability of providing health and dental benefits for state retirees is projected to be $63.84 billion over 30 years. “The current pay-as-we-go model of funding retiree health benefits is short-sighted and a recipe for undermining the fiscal health of future generations [...]


Posted by admin on Feb 25th, 2013 and filed under Sierra Madre News. You can follow any responses to this entry through the RSS 2.0. Responses are currently closed, but you can trackback from your own site.

Comments are closed