Sacramento Schools Need $1B for Retirees’ Health Benefits
Only one of Sacramento County's school districts has enough funds to pay health benefits for future retirees, while the remaining districts have about $1 billion in unfunded retiree health benefits, according to a grand jury report released on Monday. David Gordon, head of the county schools, said that the report overstates the debt and that only Sacramento City Unified has a significant funding shortage and no source to make up the gap. Sacramento Bee.
- "School Districts Lack $1 Billion To Pay Retiree Health Benefits, Grand Jury Says" (Lambert, Sacramento Bee, 5/11).