Stockton Faces $544 Million in Medical Costs Over 30 Years
The city of Stockton might have to pay as much as $544 million across the next 30 years for medical benefits for workers and retirees, according to a report by actuary firm Bartel Associates. The city is dealing with a projected general fund deficit of $27 million this year, which is equal to the annual amount that would be required to fund retirees' health care obligations.
- "Worker, Retiree Medical Benefits May Cost Stockton $544 Million Over 30 Years" (Thigpen, Stockton Record, 3/5).