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Massachusetts Needs $15 Billion Over the Next 30 Years to Pay Retiree Healthcare Benefits
MassLiveLink to more items from this source
Apr. 24, 2015

"In fiscal year 2014, the state owed $15.6 billion in future health insurance benefits, which must be paid out over the next 30 years. The state had only set aside money to pay for 3.3 percent of that, leaving an unfunded liability of $15 billion, according to state financial documents. The basic problem is that the cost of providing health insurance to public retirees is increasing faster than Massachusetts is setting aside money to pay for it."

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