Is New York City Entering a Pension Death Spiral like Chicago?0
- Economics
- December 11, 2018
As bad as the situation in Chicago is, with a public pension system 42 billion in the red, New York has even worse exposure. Its standings include 65 billion in unfunded pension liabilities, 100 billion in unfunded retiree health care, and a city debt of approximately 50 billion – for a grand total of 215
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