US - Californian pension schemes face an $118bn shortfall in retiree healthcare benefits over the next 30 years, according to a recently released report on the viability of the state's public retirement systems. This is in addition to a previously reported unfunded pension liability of $63bn.
The report, issued by the Public Employee Post-Employment Benefits Commission (PEPEBC), included an eight point plan and 34 official recommendations to address the deficit and increase openness, tr...
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