News Headlines Article

Retiree health care bills swell
The Appeal-Democrat

Unfunded pension benefits for government employees pose huge liabilities for taxpayers; in California alone, perhaps $500 billion, or more. But governments also face unfunded liabilities for promised retiree health care benefits. These are obligations for retirees’ insurance coverage until Medicare coverage begins, and sometimes also for a portion of Medicare supplemental insurance premiums from that point on.

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