Wednesday, February 25, 2009

State retirees' health costs near $50 billion

State retirees' health costs near $50 billion
"As California's government revenues are falling, its bill for state retiree health and dental benefits is approaching $50 billion, a report released today by state Controller John Chiang states.

The cost for retirees who receive their health and dental coverage through the California Public Employees' Retirement System will be $48.2 billion this year......

Yikes!

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