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New York State Comptroller Criticizes Cuomo's Plan to Cut Pension Costs
The New York Times; subscription may be required
Jan. 29, 2013
"Government pension costs have soared in recent years, putting enormous pressure on municipalities across the country. [Governor] Cuomo has proposed allowing municipal governments to defer a portion of their pension costs by choosing a fixed contribution rate below the current one.... Mr. DiNapoli's criticism, however, could doom the plan, announced a week ago. The state comptroller is the sole trustee of the state's $150 billion pension fund, and his support is needed for the plan to proceed."
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