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Is the New York City Teachers’ Pension the Worst-Funded?

by Eileen Norcross on November 22, 2010

in State Policy

According to John Bury, New York City’s Teachers’ Pension Plan runs out of assets in 2019, followed by the Police Plan in 2028. Bury says the NYC teachers’ pension system is the worst-funded large plan he has analyzed to date.

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Tagged as: John Bury, NYC, pension, Police Plan

  • Larry Littlefield

    Believe it. And a big retroactive pension enhancement in 2008 (long after the tech bubble burst), perhaps part of the Bloomberg for President political strategy, didn’t help.

    http://www.nysun.com/new-york/teachers-get-big-gift-from-gop/71371/

    A deal no one is talking about as the city’s schools are re-gutted, but at much higher expenditure levels.

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