Something I didn’t know. In San Francisco,
All city employees hired before 2009 were promised lifetime health care after five years of work. The coverage includes all dependents, and it does not matter how long before retirement the employee stopped working for the city. (from the NYT)
What a good deal! These employees pay nothing into the healthcare fund. Things were tightened up last year, so new city employees are assessed 2% of their income for a health care trust fund.
In response, Mish Shedlock of Global Economic Trend Analysis points out that
The city would have massive applications for jobs even if the employees had to pick up at 100%.
That is, Shedlock is arguing that even if the retiree healthcare benefit disappeared, there would be plenty of people who would be willing to work for the city of San Francisco. My guess is that he is probably right.