One of Five Tax Dollars Collected by New York City Will Go Into the Pension Funds This Year

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One of Five Tax Dollars Collected by New York City Will Go Into the Pension Funds This Year
Bloomberg; subscription may be required

July 21, 2010

Excerpt: City officials project the cost to the municipal budget of pensions covering more than 581,000 current and former police officers, firefighters, teachers, civilian employees and school administrators to increase about six-fold, to $7.8 billion, in 2012, from $1.3 billion in 2002.

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