The Legislature required the Controller to contract with actuaries for California's first valuation of unfunded state retiree health liabilities. On May 7, 2007, the Controller reported that the state's estimated unfunded liabilities total $48 billion. This report answers key questions concerning the valuation and identifies actions the Legislature could take to address the state's liabilities.
[PDF] Pending Proposal Concerning Highway Patrol Officer Retiree Health Benefits FundingReport Feb 17, 2006
Retiree Health Care: A Growing Cost For Government