Funding the Golden Years in the Golden State -- PDF version Part 1 of 1 (1.58MB) is available online
By Grant Boyken (CRB-07-005 , April 2007)
Unfunded pension liabilities, rising health care costs, and demographic shifts that are predicted to significantly increase retirement rolls and the average length of retirement have given rise to concerns about how to fund post-employment benefits for retired public employees. Requested by the Public Employee Post-Employment Benefits Commission appointed by Gov. Arnold Schwarzenegger and legislative leaders, this publication provides an overview of key funding issues concerning pension and retiree health benefits among California governments.
For this and other online California Research Bureau reports, please visit the California Research Bureau on the California State Library website.