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[Opinion]

1/6/2004: Defusing the Pension Bomb-- How to Curb Retirement Costs in New York State (Manhattan Institute for Policy Research)
Excerpt: This study shows how greater fairness for New York taxpayers and better retirement benefits for the majority of government employees can be achieved by switching from the current defined benefit (DB) pension plan to the defined contribution (DC) model used by the vast majority of private companies.
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