New York State Government Employee Pension Fund

ALBANY — Comptroller Thomas DiNapoli warned yesterday that the state’s massive pension fund could soon slip into the red for the first time in seven years, despite a $1.3 billion hike in fees to local governments.

Here. His solution is like pulling the cork out of one whole of a sinking boat and putting it in another.  Spending must be cut.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s