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Article: Bi-Partisan Benefits Commission Announces Comprehensive Plan To Address Pension and Retiree Health Care Obligations.
- Article from:
- Business Wire
- Article date:
- January 7, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Finds at Least $118 Billion is Owed in Retiree Health Benefits by California Governments
SACRAMENTO, Calif. -- Today, the Public Employee Post-Employment Benefits Commission issued its comprehensive eight point plan to address the unfunded pension and retiree health care liabilities for California state and local governments. In addition to the wide-ranging and unanimously reached recommendations, the Commission also announced the results of a first ever statewide survey revealing the amount state and local governments throughout California owe in retiree health care benefits. The total liability (as self-reported by California state and local governments), is at ...