[“Local governments and school districts in California face rapidly rising retiree health care costs for their employees. Beginning in 2007, a new government accounting standard will be phased in, requiring public agencies to estimate and report the cost of future retiree benefits, and drawing increased attention to retiree health care spending. Most public agencies do not set aside funds to pay for health coverage promised to employees when they retire. Instead, each year they pay only for existing retirees as bills come due. An aging workforce, increased life expectancy, and health cost inflation are among the factors driving up the costs of these benefits, raising questions about whether this approach can be sustained over the long term.” Business Wire (September 26, 2006) 1.]
Managing the Costs of Health Care Coverage. 16 p.
http://www.chcf.org/documents/insurance/EmergingPracticesPublicEmployers.pdf
Benefits in the Balance. 21 p.
http://www.chcf.org/documents/insurance/PublicRetireeHealthCoverage.pdf
Data Tables and Illustrative Examples. 6 p.
http://www.chcf.org/documents/insurance/RetireeHealthExpensesDataTablesIllustrative.pdf