Cost of pensions soars on LI
Quick ReadLI taxpayers will ante up $1.25B for the state's pension system this year.
The cost of pensions are soaring on LI.
Andrew M. Cuomo
Steve Levy through the years
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LI's $1.2B pension tab
Taxpayers on Long Island will ante up $1.25 billion for the New York State pension system during the next 12 months, a nearly 40-percent increase over the previous yearlong period.
And that jump could be just the beginning of hefty spikes in contributions.
The soaring costs have been largely triggered by stock market losses during the depths of the recession in 2007 and 2008. By law,...
