Santa Monica Daily Press, February 07, 2013

Page 1

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THURSDAY, FEBRUARY 7, 2013

Volume 12 Issue 76

Santa Monica Daily Press

ST. MONICA, SAMOHI WIN SEE PAGE 3

We have you covered

THE SPORTING ISSUE

SMC facing reality of health care costs BY ASHLEY ARCHIBALD Daily Press Staff Writer

PICO BLVD Santa Monica College officials will need to take action to control health care costs currently projected to hit $87 mil-

lion over the next 30 years, according to a study on health care liabilities. The report, presented to the Board of Trustees at their meeting Tuesday, estimated that to pre-fund health care plans promised to employees as of June 2011, the college

would have to set aside $8.1 million, $5.3 million more than it currently spends in a year. Those plans include lifetime health care benefits. Currently, the college operates on a pay-

as-you-go model, covering the expenses of retiree health benefits in the year they are paid without budgeting for the future. That cost was $2.8 million this year, but is SEE SMC PAGE 8

PEN TO PAPER

Daniel Archuleta daniela@smdp.com

LEFT: Santa Monica High School wide receiver Sebastian LaRue signs his National Letter of Intent on Wednesday to play football at Texas A&M University. RIGHT: Samohi soccer player Ella Warshauer signs her National Letter of Intent Wednesday to play for Brown University. National Signing Day is an annual tradition for the nation’s student athletes.

Macerich 4Q results beat analysts’ expectations New position means more help for abused seniors ASSOCIATED PRESS SANTA MONICA Macerich said Wednesday that a key measure of profitability improved in its fourth quarter on better revenue from

rent and increased occupancy at its malls. The real estate investment trust reported that its funds from operations rose to $132.6 SEE RESULTS PAGE 8

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BY ASHLEY ARCHIBALD Daily Press Staff Writer

FOURTH STREET A local nonprofit that pro-

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