State Retiree Benefits Fact Sheet – California

  • December 18, 2007
California has a long-term record of solidly funding its pension system, so its concerns about retirement benefit costs for public sector employees are largely focused on health care and other non-pension benefits—and with good reason. California faces a long-term liability of $48 billion for retiree health care for its public workers—an amount second only to New York's in size—but it is one of the five largest states in the country that has not put aside any money for this bill. The state legislative analyst's office has been active in following this issue in California and nationally; see www.lao.ca.gov/retireehealth.