A landmark audit released Dec. 30 by former City Comptroller Brad Lander found that a fund used to help finance health benefits for New York City’s municipal workforce has accumulated at least $3.1 billion in liabilities. The findings ignited a backlash among civil service retirees, who directed renewed anger at union leaders they have long criticized.
Lander's audit found the Health Insurance Stabilization Fund "insolvent" through fiscal year 2023 and recommended that the City work with the Municipal Labor Committee to dissolve the fund and account for healthcare costs directly through the City’s annual budget. Lander’s office placed responsibility for the fund’s collapse on both the City’s Office of Labor Relations and the MLC, which represents more than 100 municipal unions.
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