Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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New York's New Pension Reform Eases Local Government Burden
BuffaloNews.com Mar. 25, 2012
"When new public employees -- including local teachers, firefighters, police and other workers -- are hired, they will have to contribute at a higher rate to their own retirement. Their retirement age will be 63, not the current 62. And their pensions will be based on the last five years they worked, not the last three. That's the upshot of newly approved reforms to the state pension system."
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