SACRAMENTO - Already grappling with spiraling annual health costs, some of the largest agencies across California are facing a new squeeze as they're forced to begin fully accounting next year for retiree health-care liabilities. And for the first time, many will have to acknowledge they have accumulated hundreds of billions of dollars in looming costs with no comprehensive way to pay for it other than by cutting strained budgets. Annual health costs for state and local government retirees are expected to total at least $4.5 billion this year and could soar to almost $31.5 billion by 2019, according to a...
