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Pensions Move From Fringe Benefit To Public Cost
An AP report outlines how retirement benefits for public servants such as police and firefighters far surpass private industry, with NYC officers retiring after 20 years at half pay. It notes rising city and state pension costs, projected to reach billions by 1981, funded by taxes and employer contributions amid union pressure for broader access and earlier retirement.
MENTIONED IN THIS ARTICLE
Jack Sholl
John W
Inter
Nw Cn
Yom K
New Yorke
Police
Fire
New York City
Con
Tates
United States
New York State
LBRO
General Treasury
Bureau of Economic Research
JDBI
Chiagh
Teaders
Detroit
Cleveland
Cannes
Ohio
Voncastaul
University of Study
Whartu School of Pennsylvania
Altoe
Sinkers Teast Co
Grethe
Alleer
Tax Foundation
New York Chamber ‘of Commerce
Lene Lew -Yirk Chamber of Cumsmerce
Bankers ‘Trust
STB
Westinghouse Electrie Co
America
Pelegrigth Co
Izbor
DRS
Chicago
Peaeien Meldauy
Senetice
United Auto Workers
Ingtanca
General Motors
Alutes
Sid Willis
Shi Borne Stephens
Tate
Afl-Cio
Owhich
Youveynent