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Worcester’s...

Worcester’s unfunded employee benefits total $861M

Full and original article posted on Worcester Business Journal Online

The city of Worcester is behind by $861 million on what it owes retired city workers and is slated to owe current employees for health care and other benefits, according to a new report.

That liability exceeds the city’s annual operating budget, and is projected to more than double in the next roughly three decades to over $2.5 billion, according to the report, which was written by the nonprofit Worcester Regional Research Bureau and presented to the City Council this week.

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