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Governments to pay more into Common Retirement Fund
ALBANY - Starting in 2011, state and local governments must pay in more money to the Common Retirement Fund to make up for a 26-percent drop in value, comptroller Thomas DiNapoli said Thursday.
DiNapoli, sole trustee of the pension fund that covers more than one million government workers, announced the first increase in contribution rates in five years. The move was necessitated by the recession...
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