Just a month after City Comptroller John Liu boasted that the nation's largest municipal pension fund would "provide the public with unprecedented access to information concerning the pension system" and thus rank "among the nationwide leaders in tra Read More
On Wednesday, in an apparent move to appease open government advocates and curious taxpayers, City Comptroller John Liu announced that the New York City Employees' Retirement System (NYCERS) Board of Trustees had adopted three resolutions that would “provide the public with unprecedented access to information concerning the pension system.” Read More
The bursting of the stock market bubble in 2000 triggered an explosion in taxpayer-funded contributions to New York City's pension funds. But a new report from Comptroller John Liu shows that roughly half of the pension cost run-up in the last decade... Read More
City Comptroller John Liu was asked at a Crain's NY Breakfast last week whether he would favor shifting future municipal employees from a defined-benefit pension system to a 401(k)-style defined-contribution system. His reply, according to Crain's Insider... Read More