News Headlines Article

Voters to weigh in on retiree health care fund
San Francisco Chronicle

San Francisco voters will decide this fall whether the city should shore up its retiree healthcare fund, which is otherwise underfunded by about $4.4 billion. Supervisor Mark Farrell’s proposed amendment to the city Charter secures the Retiree Health Care Trust Fund by prohibiting any withdrawals until the city can pay for all its liabilities. The Board of Supervisors voted unanimously to put the measure before voters this fall.