Full and original article posted on GoLocal Worcester
On Thursday, the Worcester Research Bureau released a report Bureau Brief – Worcester’s Unfunded OPEB Liability that revealed the city of Worcester owes $727 million in unfunded post-employment benefit (OPEB) liabilities.
According to the Research Bureau’s report, the city’s unfunded OPEB liabilities will reach $1 billion by 2023 and $2 billion by 2042.
The city is currently $224,156,680 in arrears on a 30-year program to retire its OPEB liability.
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