News Headlines Article

City has saved nothing towards $4.36 billion health care bill
San Francisco Chronicle

Got a spare $5,500 lying around that you want to get rid of? If every single San Franciscan coughed up that amount, we could pay City Hall’s retiree health care bill – for now anyway. A new report from the controller’s office shows the city has an unfunded retiree health care liability of $4.36 billion. That means it’ll cost that much to pay the promised health care benefits for every current employee and retiree – and that number will keep growing as health care costs rise. By 2033, the tab will be a whopping $9.7 billion.

Commands