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Title:
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Hearing to receive an update concerning a liability totaling $4,360,000,000 which represents the future cost of providing health benefits earned by City employees as of July 2008; the continued increase in the City's liabiity in future years absent significant changes in planning for and funding long-term healthcare cost; the Controller's Office update on the liability based on 2010 data; and the Budget and Legislative Analyst's Office report on what other municipalities are doing to address the health care liability issue.
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