Charlie Morgenstern 11 a.m., June 25
San Diego retiree healthcare 3% funded
That compares with 55% in Los Angeles, according to Pew Center study
According to the publication PublicCEO.com, Pew Center on the States has issues a report on healthcare funding of 61 U.S. cities. The shortfall for retiree healthcare is $118 billion, higher than the shortfall for pensions, $99 billion. San Diego's plan is only 3% funded. San Jose's is 9%, San Francisco's less than 1%, and champion Los Angeles's 55%. Yet politicians and the media spend more time fretting about pension deficits.