Retiree Healthcare

The estimated unfunded retiree healthcare liability for the City of San Jose is currently estimated to be as high as $1.65 billion based on the most recent actuarial analyses.  Factors that contribute to the amount of the liability include the level of the retiree medical benefit, escalating costs in medical premiums, the increasing number of retirees, and the City's current level of funding for retiree healthcare benefits.  It is critical that the City, in partnership with employees, retirees, the retirement boards and union representatives, take prudent measures to address the liability; otherwise this liability will be even more costly in the future. Accordingly, feedback sessions are being facilitated with the purpose of discussing retiree healthcare issues and soliciting ideas stakeholders have to address those issues.  Please refer to the schedule below for detailed feedback session information.

As strategies and solutions are developed to address the unfunded retiree healthcare liability, information will be posted on this site to keep employees updated.  Meanwhile, here are answers to frequently asked questions regarding retiree healthcare and potential changes.

Council Report

• Council Memo (6/17/08)
  • Attachment 1 - Council Report (I.C. Benefits Consulting)

Memos

• City Manager Memo, March 4, 2008
• City Manager Memo, December 17, 2007
• Joint Council Mayor Memo, August 28, 2007
• Council Memo, August 7, 2007

Joint Committee on Solutions to Retiree Health Care

• Report (4/30/08)

Actuarial Reports

• Gabriel Roeder Smith & Company  (Federated City Employees' Retirement System)
• The Segal Group, Inc. (Police and Fire Department Retirement Plan)
• Actuarially Speaking: A Plain Language Summary of Actuarial Methods and Practices

Consultant Biographies

• Paul Hackleman
• William Hembree
• Shawn Spano

Stakeholder Group

Meeting Date/Time

Meeting Location

Minutes

Senior Staff

Wed, 12/5/07

10:00-11:30

W119-120

12/05/07

City Labor Alliance (CLA)

Mon, 12/10/07

8:30-10:30

W262

12/10/07

Retirees

Fri, 1/4/08

1:00-4:00

Council Chambers

1/4/08

Open Questions

Unit 99 Executive Forum

Fri, 1/18/08

8:30-11:00

W262

1/18/08

Open Questions

City Employees

Fri, 1/25/08

11:30-1:30

Council Chambers

1/25/08

LIVE BROADCAST

Fri, 1/25/08

4:00-6:00

Council Chambers

1/25/08

J. Reger Notes

Fri, 2/1/08

12:30-2:30

Leininger Center, Okayama Rm

(1300 Senter Road, San Jose)

Thurs, 2/14/08

approx. 10:30-11:00am

Retirement Board Conference Room

Thurs, 3/6/08

approx. 11:00-11:30am

Background Information

City of San José Glossary

Stakeholder Meeting Agenda 12/09/07

National Perspective on Healthcare Cost Increases