A 12-member panel charged with studying what retiring public employees’ healthcare costs might look like in 2008 issued a startling report this week: Public agencies throughout California will face $118 billion in such costs during the next 30 years for their retirees. The Public Employee Post-Employment Benefits Commission, appointed by Governor Schwarzenegger last year, urged county, city, and state governments to allot money specifically for these commitments.
Panel Studies Impact of Retiring Public Servants
Thursday, January 10, 2008
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