Brown tackling California's $72B retiree health liability

January 18, 2015 9:27 PM

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SACRAMENTO, Calif. (AP) — After tackling pension changes for public employees and teachers, Gov. Jerry Brown is now setting his sights on another big debt: retiree health care benefits.

California faces an estimated $72 billion unfunded liability for more than 800,000 state employees and their families to provide health coverage once workers retire from civil service and for those who have already retired. The benefit, which has been phasing out of the private sector but remains a ...

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