NYC Pension Funds Failing Us All

The city’s five pension funds lost $30 billion in 2008. That's about 30% of their value. The law says that the city must kick in funds if they fail to earn a minimum of 8% a year. Guess where that money will be found, taxpayers?

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IMPORTANT NOTE: This piece was written today about an older New York City news headline. NYCo site delays prevented its publication before now. In an effort to entertain and educate this blog’s devoted viewers, 100’s of older headlines will be posted in chronological order until this blog is discussing current events again. Though some stories may no longer be as relevant as they once were, they remain interesting news items worthy of mention and viewer comments.

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