Many employees of California’s schools and colleges have been willing to accept lower salaries during their working lives in exchange for the benefit of health insurance coverage in retirement. The gain from that trade-off is now in jeopardy.  Most public schools and college districts are currently facing health cost increases that are well above the rate of increase of the Consumer Price Index.  Some of these districts are moving to eliminate or reduce health care coverage to their current employees and to their retirees. One of the major drivers of the movement to deny employees of their hard won heath benefits is the newly established Governmental Accounting Standards Board 45 (GASB 45) reporting standards.