years of age, that s 20 years of pensions. we re now looking at actuarials saying 40-year-olds will live to 80. you cannot pay somebody for 30 years of pension. it s impossible to save that kind of money and make the returns to do it. jenna: jim, thank you very much for joining us. it s an interesting situation and we think it reflects some of the other issues going on around the country. we appreciate it very much. thanks for having us on, jenna. gen jen we re also going to hear from one of the city workers notified he will lose his job, his name is steve bradford, he worked as a city sweep mechanic. steve, it s nice to have your perspective as well. we understand that you have your job for the next several months but as of september, it s gone. when you heard that news, what did you think? i thought oh my god, how am i going to feed my family, how am i going to provide insurance and place to live. jenna: did you i think of all my colleagues, what are they going to do.
up on the one year anniversary of the national healthcare law. just how much celebrating there will be is certainly up for debate. the law adds a number of benefits quickly but critics say it s also driving up costs. jim angle is live in our dc bureau taking a closer look at the law one year later. most of the law doesn t take effect until 2014. what is already in effect as we speak. reporter: there are some early provisions, they were the least controversial and the most likely to be embraced by voters what critics saul the sweeteners, they were changes in coverage that were simply dictated to insurance companies, listen. this means no longer can insurance companies deny coverage to children with a preexisting condition. reporter: and insurance companies had to cover young adults up to age 26 under their parents insurance. they could not impose lifetime limits on benefits. they could not rescind anyone s coverage and all plans have to cover preventative services such as mammogr
more than $600 or the entire year. another snag is that so many plans are unable to meet even the early requirements the administration has been forted to grant more than a thousand waivers to companies, several labor unions, from electrical workers, to plumbers to carpenters and even whole states such as maine. there another thing, that is more than 20 states have challenged the constitutionality of the law with mixed decisions. many want and expedited review by the supreme court to resolve the issues sooner rather than later. the administration opposes that. critics argue the president doesn t want to take a chance before the 2012 presidential elections, or else he d want to know the answer to that question as much as anyone else does, jenna. jenna: one year since the healthcare law, seems like it was yesterday. look at all this time. jim, thank you very much. jon: it does seem that way. new information now on a tragic story out of south carolina, an accident at an amusement park
jim righeimer is the mayor pro tem for costa mesa. the way we see the story, they are saying you were forced to take measures, you were forced to do these layoffs because of the financial situation of the city. is that accurate? were you forced to do this or is this a choice you decided to make? well, what we re forced to do, and we ve had agreements we ve made in previous years with the public employee groups here that are unsustainable, and what i mean by that, we have in the last ten years gone from having people retire at 60 years of age to 65 years of age to 50 and 55 years of age, then we ve also increased the amount of pensions we ve had. that, put on top of the fact that people are living longer and longer, is completely unsustainable. gen jen some say in your political career over the last ten years or so, you have been more antiunion, according to these reports, than others.