A handful of U.S. cities, led by Chicago, are working to shift retiree health care expenses (OPEBs) off their balance sheets and onto the federal government via President Obama’s Affordable Healthcare Act. Retiree healthcare is a big expense for muniland, and few governments have saved for this expense. Since OPEBs are often protected by contract, they are not easily lowered or adjusted. Spending such as education and other programs is often crowded out. Shifting some of these retiree benefits to Obamacare is attractive for many stressed cities.