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Tiering Up: The Unfinished Business of Public Pension Reform in New York
Empire Center for Public PolicyLink to more items from this source
Dec. 17, 2021

"The Tier 5 and Tier 6 changes combined are saving New York state and local governments outside New York City more than $1 billion this year. After record-busting investment returns in 2021, most of the state's public pension plans report they are fully funded -- but adjusting for financial risk, their combined unfunded liabilities still total nearly $400 billion."

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