Worcester’s retiree health costs ‘unsustainable’

Full and original article posted on Telegram.com

WORCESTER – An independent research group is sounding an alarm about the city’s long-term liability for retiree health insurance, saying its current funding system is “unsustainable.”

In a report on Other Post-Employment Benefits, known as OPEB, the Worcester Regional Research Bureau stated that unless the city changes the funding system to cover future retiree costs, the problem will only grow, and could ultimately force reductions in municipal staffing and services, and increases in taxes to cover those annual costs.

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