State employee retirees' healthcare costs California billions (video)

State employee retirees' healthcare costs California billions, says report | news10.net: "A new report by California Common Sense estimates unfunded liabilities outside pensions, known as Other Post-Employment Benefits, to be more than $62 billion. "One of the things that may have caught many analysts and the state off guard was the rising costs of healthcare," California Common Sense Autumn Carter said. The report found: Costs have doubled every five years since 1999 If nothing is done, OPEBs will consume the entire state budget within 35 years. Pre-funding healthcare benefits annually, instead of pay-as-you, would save the state $21 billion in the long run."

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