New York's state comptroller, sole trustee of the nation's third largest public pension fund, is boasting that the Empire State "has always paid its pension bills on time." But that happens to be untrue, as I point out in "Return of the Whopper," over at the Empire Center's NYTorch blog.
In fact, under a 2010 law the comptroller promoted, Albany has deferred $884 million in pension contributions in the past two years, and plans to defer billions more over the next six. And it's inviting local governments to do the same.
In fact, under a 2010 law the comptroller promoted, Albany has deferred $884 million in pension contributions in the past two years, and plans to defer billions more over the next six. And it's inviting local governments to do the same.
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