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Pension costs on LI to jump 30 percent in 2012
Public pension costs will increase by tens of millions of dollars for Nassau and Suffolk counties in 2012 - a 30 percent increase from 2011 - under new funding rates set Thursday by state Comptroller Thomas DiNapoli.
The move was a reaction to the economic collapse of 2008 and 2009 and erratic financial markets that caused the New York's Common Retirement Fund to fall $8 billion in value to...
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