Pension reform plan will save state and local governments' and New York City more than $80 billion over the next 30 years. In 2002 pension payment from local governments were $1. Billion and have grown to $12. Billion in 2012, an increase of over 650%. The legislation puts in place a new Tier VI pension plan that will save local governments more than $90 billion over the long term.
Pension reform plan will save state and local governments' and New York City more than $80 billion over the next 30 years. In 2002 pension payment from local governments were $1. Billion and have grown to $12. Billion in 2012, an increase of over 650%. The legislation puts in place a new Tier VI pension plan that will save local governments more than $90 billion over the long term.
Pension reform plan will save state and local governments' and New York City more than $80 billion over the next 30 years. In 2002 pension payment from local governments were $1. Billion and have grown to $12. Billion in 2012, an increase of over 650%. The legislation puts in place a new Tier VI pension plan that will save local governments more than $90 billion over the long term.