- Associated Press - Wednesday, January 31, 2018

SACRAMENTO, Calif. (AP) - California’s debt for health benefits for retired state workers has surged to $92 billion.

The figure released Wednesday is $15 billion higher than a year ago.

That’s due in large part to higher expected health care costs and new accounting standards.

State Controller Betty Yee says retiree health costs now consume 1.6 percent of the budget.

She says those costs are unpredictable but they’ll remain a top state fiscal challenge for the next three decades.



Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2020 The Washington Times, LLC.

Please read our comment policy before commenting.

 

Click to Read More and View Comments

Click to Hide