San Francisco faces soaring retiree health costs (SF Examiner)

November 23, 2012 – After starting to rein in San Francisco’s pension costs last year, city officials are rolling up their sleeves to tackle the skyrocketing cost of health care for retired government workers. A City Controller’s Office report released Tuesday, which shows a retiree health care liability of $4.4 billion during the next 30 years, set the stage for discussions between city officials and labor leaders to hammer out an agreement to help fund the tab. If last year’s pension compromise — the voter-approved Proposition C — is any indicator, the effort will take months of meetings and include heated debates. But the political will may see the issue through.

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State of California – Analyst Resources

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