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To: nascarnation
Interestingly, New York State has one of the most stable pension systems in the country. For all its flaws, New York's state government runs a very tight ship when it comes to its bond ratings, fiscal responsibilities, etc.

Health care costs for retirees in New York State are a whole different story, since actuarial tables don't work well in that area.

11 posted on 04/04/2015 11:38:25 AM PDT by Alberta's Child ("It doesn't work for me. I gotta have more cowbell!")
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To: Alberta's Child

“Interestingly, New York State has one of the most stable pension systems in the country”

At the State level the Republicans do OK, I believe they control the Senate currently. I don’t believe RATS have had a veto proof majority in a while.


13 posted on 04/04/2015 12:51:27 PM PDT by DAC21
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To: Alberta's Child

New York’s founders were quite smart when they required that a separately elected state comptroller be in charge of the public pension fund rather than the governor or the legislature. Andrew Cuomo’s father tried very hard to raid the pension fund when he was governor. The fund is more than 90% funded which is one of the best in the country. This is one of the few government functions in my hellhole state that actually works well.


16 posted on 04/04/2015 1:54:29 PM PDT by NoKoolAidforMe (I'm clinging to my God and my guns. You can keep the change.)
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