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State squeezes LI: Give us $90M more for pensions
Quick ReadPayments to the pension system are legally mandated, and officials in both counties said they may need to resort to budget cuts to cover the costs.
Photo credit: James Carbone | FILE - New York State comptroller, Thomas DiNapoli. (Feb. 4, 2010)
Officials in Nassau and Suffolk counties say they're going to have to pay out about $90 million more in contributions to the state pension fund next year, despite reports of a fully funded state system that gained 26 percent on its investments in its last fiscal year.
In response to a 45 percent, or about $43.6 million, increase in Nassau's annual contribution for 2011, county Comptroller...
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