The city’s liability to cover future costs of health benefits to its retirees now stands at $95 billion — and is growing at a rate of $5 billion annually, according to a report Wednesday.
The report by the Citizens Budget Commission notes the Big Apple is the only large city in the United States where taxpayers pick up all medical insurance costs for municipal retirees before they’re eligible for Medicare as well as the tab for Medicare supplemental insurance and Medicare Plan B.