(Reuters) - The $245 billion pension fund said it expects to spend $5.3
billion on health-care benefits next year for more than 1.2
million members, who include state and local government
employees, retirees and their families, up from $4.9 billion
this year.
"This 2008 benefits program is substantially lower than
what consultants are anticipating for U.S. employers next
year," Rob Feckner, chairman of Calpers' board, said in a
statement.
Read more at Reuters.com Bonds News
billion on health-care benefits next year for more than 1.2
million members, who include state and local government
employees, retirees and their families, up from $4.9 billion
this year.
"This 2008 benefits program is substantially lower than
what consultants are anticipating for U.S. employers next
year," Rob Feckner, chairman of Calpers' board, said in a
statement.
Read more at Reuters.com Bonds News
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