Changes to San Diego Retiree Health Plan To Save $802M

A plan to shift many San Diego workers to a city-funded, 401(k)-like health savings plan -- instead of a guaranteed benefit plan upon retirement -- will save the city $802 million over the next 25 years, according to San Diego City Chief Operating Officer Jay Goldstone. Goldstone said more workers opted for the new plan, which raised the projected savings from $714 million.

• "Retiree Health Care Changes To Save $802 Million" (Lebron Kuhney, U-T San Diego, 4/19).