Union Bug Blog
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Mar 22, 2012 -
New York Follows Disturbing Trend, Cuts Public Pensions
In the continuation of a troubling trend in the United States, New York became the latest state to dramatically overhaul its pension plan against the wishes of its public employees. Last week the state legislature passed a series of measures expected to save the state $80 billion over 30 years while cutting retirement payments guaranteed to state workers.