YEAR 2048

The Bond Buyer

Keeley Webster

February 26

Got benefits? According to California State Controller Betty Yee, the state has made significant progress toward the security and sustainability of retiree health benefits by including gradual prefunding in collective bargaining agreements with state employees. However, the state is still decades away from hitting its goal of 100% prefunding the massive liability. In fact, Yee said it won't reach the goal until 2048.

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