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NEW YORK (AP) — Some New York City Council members are proposing a change to the city charter to help pay for future health care obligations for municipal workers.
The city is projected to eventually pay $92.5 billion in health care obligations for current and retired city workers.
The city established a Retiree Health Benefits Trust in 2006 to set aside money to cover the costs.
But right now it only has enough money to pay for 2.75 percent of that obligation.
City Councilman Dan Garodnick and others proposed a plan Monday to require an annual deposit into the fund.
The charter change would require the city deposit 5 percent of its annual health care benefit obligations into the fund.
Garodnick said that would have meant a $105 million deposit for Fiscal Year 2014.
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