Pages

Tuesday, April 12, 2011

Taxpayers Foot $850 Million Bill for Wall St.'s Pension Fees

New York City taxpayers are helping to pay $850 million in Wall Street investment fees -- even as these financial gurus have produced only meager results for strapped city and state pension funds.

City Comptroller John Liu this week released a comprehensive analysis of NYC pension costs over the past decade, revealing why they have risen from $1.2 billion to $7.7 billion.'

Read more...

No comments:

Post a Comment

Thanks for your comment it is much appreciated.