San Francisco’s unfunded pension and retiree health care liabilities have ballooned to around $6 billion, according to a report by a Stanford academic and former California assemblyman.

According to the report on San Francisco’s pension and health care costs by Joe Nation, city pension and retiree health costs will increase from $514 million in the current fiscal year to $1 billion by 2016, which will exceed current combined spending for all public safety departments.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.