New York state and localities including Westchester County borrowed a record $1.4 billion to cover retirement contributions this year, showing how even the wealthiest communities are struggling to make the payments.
In 2012, he also pushed through a pension plan that raised the retirement age to 63 from 62 for new workers, which he expect will save the state and its localities $80 billion over 30 years.
DebugScreen: mobile
{
"author": {
"name": "Freeman Klopott",
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"estimate": 4,
"social": [],
"articles": [
{
"uri": "/2014/09/10/n-y-pension-enters-2-billion-partnership-with-gold/",
"title": "N.Y. pension enters $2 billion partnership with Goldman Sachs",
"byline": " Freeman Klopott, Martin Z. Braun ",
"kicker": "",
"prettyDate": "September 10, 2014",
"timeToRead": "2 minute",
"image": {
"uri": "",
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},
"authors": [
{
"webUrl": "/author/profile/freeman-klopott-martin-z-braun/",
"name": "Freeman Klopott, Martin Z. Braun"
}
],
"kickerNode": [],
"summary": "New York states pension fund is giving Goldman Sachs Asset Management $2 billion to invest in global stocks.",
"body": null
},
{
"uri": "/2014/05/12/ny-state-pension-assets-rise-to-record-176-2-billi/",
"title": "NY state pension assets rise to record $176.2 billion",
"byline": " Freeman Klopott ",
"kicker": "",
"prettyDate": "May 12, 2014",
"timeToRead": "1 minute",
"image": {
"uri": "",
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},
"authors": [
{
"webUrl": "/author/profile/freeman-klopott/",
"name": "Freeman Klopott"
}
],
"kickerNode": [],
"summary": "The New York State Common Retirement Fund returned an estimated 13 percent in the fiscal year that ended March 31.",
"body": null
},
{
"uri": "/2014/04/08/westchester-joins-record-wave-of-n-y-pension-ious/",
"title": "Westchester joins record wave of N.Y. pension IOUs",
"byline": " Freeman Klopott and Michelle Kaske ",
"kicker": "",
"prettyDate": "April 08, 2014",
"timeToRead": "6 minute",
"image": {
"uri": "",
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},
"authors": [
{
"webUrl": "/author/profile/freeman-klopott/",
"name": "Freeman Klopott"
},
{
"webUrl": "/author/profile/michelle-kaske/",
"name": "Michelle Kaske"
}
],
"kickerNode": [],
"summary": "New York state and localities including Westchester County borrowed a record $1.4 billion to cover retirement contributions this year, showing how even the wealthiest communities are struggling to make the payments.",
"body": null
},
{
"uri": "/2014/01/28/cuomo-budget-missing-labor-accord-earns-debt-rally/",
"title": "Cuomo budget missing labor accord earns debt rally: muni credit",
"byline": "Freeman Klopott",
"kicker": "",
"prettyDate": "January 28, 2014",
"timeToRead": "6 minute",
"image": {
"uri": "",
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"height": ""
},
"authors": [
{
"webUrl": "/author/profile/freeman-klopott/",
"name": "Freeman Klopott"
}
],
"kickerNode": [],
"summary": "In 2012, he also pushed through a pension plan that raised the retirement age to 63 from 62 for new workers, which he expect will save the state and its localities $80 billion over 30 years.",
"body": null
}
]
}
}