• February 15 2011

Retiree Health Care: The Brick That Broke Municipalities’ Backs

The 50 largest cities and towns in Massachusetts face a crushing $20 billion liability for retiree health care benefits that threatens to wreak havoc with local government services, according to a new report released today by the Massachusetts Taxpayers Foundation.

The report, Retiree Health Care: The Brick That Broke Municipalities’ Backs, is the first analysis of municipal retiree health care liabilities in Massachusetts. The $20 billion represents what these governments must pay in today’s dollars for the lifetime health care benefits already earned by 150,000 current employees and retirees in the 50 communities.