Local governments face higher pension bill
Photo credit: AP | New York State Comptroller Thomas DiNapoli speaks during a news conference in Albany. (Jan. 9, 2012)
New York State Comptroller Thomas DiNapoli
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Local governments were hit Friday with another big increase in the rates they will have to pay to support New York's public-employee pension fund.
The state comptroller's office, which sets the rates, announced that local governments will pay 28.9 percent on every dollar that police and fire employees earn in fiscal 2013-14 -- a jump of 12 percent from the current year -- and 20.9 percent...
