NYC Taxpayers Pay $8.60 For Every $1 City Employees Pay
Even though their own retirements are less secure, as private businesses have shifted from traditional pensions to riskier savings plans like 401(k)s, taxpayers' support for rock-solid public employee pension plans is growing. That's because pension funds are guaranteed to grow 8% a year, and taxpayers have to make up the difference if they don't.
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Story is added at July 12, 2010
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