New York Lawmakers Pass Bill to Ease Pension Fund Payments by Localities

Cataldo, Adam L.
July 2004
Bond Buyer;7/27/2004, Vol. 349 Issue 31934, p4
Trade Publication
Reports that New York lawmakers in the Assembly and Senate have passed a bill to provide municipalities with some flexibility in their contributions to the state pension fund over the next three years. Helpfulness of the bill to municipalities whose budget is fixed to the calendar year; Robyn Kapiloff, Vice President and lead analyst on New York State for Moody's Investor Service's description of the bill as one-time fix that did not resolve the underlying structural problems that local government face in contributing to the state pension system.


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