ACSS Online > News ( DNN 3.3.7 )

UPDATE on the May 2007 Meet and Confer with DPA

Continuing the monthly meetings between the Association of California State Supervisors and DPA regarding issues that affect some or all state excluded employees, the following is a summary of issues discussed at the May 18, 2007, Meet and Confer.

Huge budget shortfall seen; legislative analyst says Schwarzenegger plan for 2007-08 could add a $3

Gov. Arnold Schwarzenegger based his May budget revision on overly optimistic assumptions that could lead to a $3 billion shortfall in the fiscal year that begins July 1 and more than a $5 billion problem the following year, the Legislature's nonpartisan budget adviser said Tuesday.

Prefunding a cure for health benefits

Paying for health and dental care for the state's current and future retirees could cost taxpayers nearly $48 billion over the next 30 years if the state does nothing. But state Controller John Chiang said the problem can be controlled.

State employee benefits may cost $70 billion

State Controller John Chiang has come up with some fresh and scary numbers on what it will cost to pay for promised health care benefits to state employees over the next three decades.

CalPERS Urges Prefunding of Retiree Health Insurance Costs

With the announcement today of the State’s liability for future retiree health insurance and other post-employment benefits (OPEB) by State Controller John Chiang, the California Public Employees’ Retirement System (CalPERS) urged public employers throughout the State to begin prefunding those costs.

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