retirement benefits

7:46pm

Tue August 14, 2012
Economy/Labor/Biz

The pension problem: California cities search for solutions

Under CC license from 401kcalculator.org/Flickr

Thousands of Californians spent years working for city governments and are now collectively owed billions of dollars in retiree health care benefits. But a new study by the nonprofit research group California Common Sense finds that many cities, including Oakland and San Francisco, haven’t ever set aside money to pay these costs.

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