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New York State Common Retirement Fund Lowers Return Rate Assumption
PLANSPONSOR; free registration may be required Sept. 6, 2010
Excerpt: A news release from [th State Comptroller] also announced increases in 2011-12 employer contribution rates. The average contribution rate for the Employee Retirement System will increase from 11.9% of salaries to 16.3% while the average contribution for the Police and Fire Retirement System will go up from 18.2% to 21.6%.
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