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New York Governor's Pension Plan Rejected by New York Assembly Democrats
Bloomberg
Mar. 13, 2012
"Cuomo, a Democrat, has said his overhaul of the pension system will save local governments and the state $113 billion over the next 30 years as it raises the retirement age to 65 from 62 for most new workers. The proposal has drawn the governor into a battle with the state's public-worker unions and Comptroller Thomas DiNapoli, a fellow Democrat and the sole trustee of the $140.3 billion pension fund."
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