Gov. Cuomo’s Pension Proposal

Editorial

Across New York State, years of generous and sometimes overly generous benefits have made government pensions unaffordable. Thanks to contract sweeteners and giveaways by Albany politicians, New York City’s pension costs have risen more than fivefold, to $8 billion this year from $1.3 billion in 2002. Other communities are in similarly tough straits.

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New York Times
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