The Challenges of Employee and Retiree Health Benefit Costs for California Districts
Tsakopoulos Library Galleria
828 I Street
Sacramento, CA 95814
The costs of employee and retiree health and welfare benefits have increased rapidly in recent years and districts require employees to pay relatively little of these costs. As a consequence, the cost of these benefits represent a growing share of district budgets. Many districts have accumulated large unfunded liabilities in the form of health benefits promised to their retirees. These financial pressures divert resources from other district priorities and may become worse if revenues stagnate or decline. Districts have begun taking steps to address these issues, but policymakers can do more.
Join us for a seminar in which Getting Down to Facts II Researcher Paul Bruno, University of Southern California, will present his PACE report on the challenges of employee and retiree health benefit costs for California districts. Superintendent Jorge Aguilar will discuss the particular situation in Sacramento City, and Michael Fine, CEO of Fiscal Crisis and Management Assistance Team (FCMAT), will provide a broader perspective on districts across the state and what some possible approaches are to solving the financial pressures facing school districts as a result of escalating health care costs.
Refreshments will be served.