As part of its benefit package, UC provides medical and dental benefits for eligible retirees and their dependents.

Currently, the University pays its share of health benefits for annuitants on a "pay-as-you-go" basis, whereby current plan premiums and costs are paid from an assessment on payroll. In 2008-09, health benefits for annuitants totaled $225 million from all fund sources.

General Accounting Standards Board (GASB) rules require the University to report in its financial statements all post-employment benefits expenses, such as retiree medical and dental costs, on an accrual basis over the employees' years of service, along with the related liability net of any plan assets. In 2007-08, the University began recording this unfunded liability in its financial statements, amortized over a number of years.

In 2009, the total post-employment benefits liability amounted to about $14 billion. This liability represents the present value of all future health care costs to the University based on benefits already earned by current employees and retirees.

Source: UCOP Budget and Capital Resources; UC Financial Management.

Figures have not been adjusted for inflation.

You may view or download a table of the raw data used to generate these charts in CSV files, which can be opened in spreadsheet programs such as Microsoft Excel or OpenOffice.

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