Report: Public pensions will clobber LI
Photo credit: Gordon M. Grant | (April 16, 2008)
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Pensions on LINew York State taxpayers' contributions to the Teachers Retirement Fund could quadruple by 2016, perhaps rising to as high as $4.5 billion statewide, according to a new report released Tuesday by the Empire Center for New York State Policy, a conservative think tank.
Experts said Long Island could be particularly hard- hit, because of the region's high salaries for teachers and police officers.
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