Money set aside for retireehealth benefits has been used as a rainy-day fund by mayors duringtimes of fiscal stress. (Photo: Bloomberg)

(Bloomberg) –New York City faces future health costs for its retired workers of $103.2billion, an increase of $40 billion over a decade. It has about $5billion set aside to pay the bill.

The so-called “other post-employment benefits” liability wasdisclosed in New York's comprehensive annual financial reportreleased by the city comptroller's office Wednesday.

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