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CalPERS: Prefunding retiree health care makes sense
Sacramento Business Journal

When State Controller John Chiang raised a red flag Tuesday about a looming $72 billion tab for retiree health care costs, eyes turned to the governor. Jerry Brown is expected to address the issue in his proposed state budget, expected in early January. But some work on the problem has already begun. The California Public Employees’ Retirement System established a retiree benefit trust fund in 2008 to receive employer contributions that will prefund health and other post-employment benefit costs for retirees and their beneficiaries.