December 7, 2007

SF's retiree health benefits

San Francisco Mayor Gavin Newsom and a city supervisor are proposing to pare back retiree health benefits for future city workers as a way to reduce the government's unfunded liability. Among other things, they want to force future hires to work 20 years, rather than only 5, before being fully vested in retireee health benefits, and they would have to work until age 55 instead of age 50 to be eligible. So far the proposal is getting a chilly reception from labor and the other supervisors. But check out the comments at the end of this Chronicle story. Sounds like the SF natives are getting a bit restless.

Posted by dweintraub on December 7, 2007 11:53 AM