Fly In Fresh State Health Benefits For Retirees Of California

March 14, 2011 - PRLog -- SACRAMENTO, Calif. - State Controller John Chiang said that the cost of providing unfunded future health and dental insurance for state employees in retirement has increased by $ 8.1 million last year to almost U.S. $ 60 billion.

The report released Monday, on the basis of the latest actuarial projections, comes as lawmakers in California and the national debate on the costs of pensions and government benefits.

About half of the increase is due to the system of the country's largest state pension, the pension system for public employees in California ', change the assumptions. CalPERS says that retirees are retiring earlier, living longer and that the premiums are higher than previously expected.

The state provides only $ 1.4 to 4.2 billion dollars of U.S. debt to the system in this year's budget. Chiang spokesman Hally Jordan says the remaining 2.8 billion will only increase the State's responsibility.

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