Well the typical employee + spouse health insurance payment up here in Oregon is around $900 per employee through PEBB (Public Employees’ Benefit Board) plus another $100 for dental. So basically $1,000 a month per retired employee X baby-boomer generation=insolvency.
Just more to this than it is worth discussing. Such as County general funds are vested. Medicare contributed for certain conditions. If the employee was in service during the years that he was forced to contribute to SS, then the picture more closely mirrors private employees. Some retirees that have less than 25 years service pay a copay fee to the County. It goes on and on, and no intelligent answer can be had unless full disclosure of the entire retirement plans are totally explained. It is complicate, but to project this 2.6 billion future crap is just that.