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Implications for future pension costs rise with inflation
Washington discusses that rising prices and wages push future federal pension costs higher than funds set aside. The piece cites New York City's fiscal crisis and questions how to finance pensions, whether to fund now or defer, and what share workers should contribute. Inflation could push 1983 costs toward $276 billion, with 1978 military retirement projected at $8.6 billion, underscoring the need for funding discipline and clear long term policy.
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Washington
New York City