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Combine Benefit Funds

Posted 4/30/21

To the Editor: In 2018, 92 welfare and annuity funds in New York City spent $113.5 million on administrative costs.

Mayor Bloomberg had suggested years earlier that these funds could be combined to save costs and protect health benefits, especially for retirees. Why isn't the Municipal Labor Committee protecting health benefits and saving money by cutting administrative costs by doing this?

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