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	<title>Brooklyn Young Republican Club &#187; Pensions</title>
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	<copyright>Copyright &#xA9; Brooklyn Young Republican Club 2011 </copyright>
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		<title>‘Pension’ headaches plague city</title>
		<link>http://www.brooklynyr.com/2010/07/06/pension-headaches-plague-city/</link>
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		<pubDate>Tue, 06 Jul 2010 21:24:42 +0000</pubDate>
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		<description><![CDATA[Source: Philip Messing / New York Post Fat civil-servant pensions are costing taxpayers more than ever before and have led to a clarion call for reform nationwide. For the taxpay ers of New York City, who fund five different pension funds, the need for fis cal relief prom ises to become ever more dire in [...]]]></description>
			<content:encoded><![CDATA[<p><em>Source: Philip Messing / New York Post</em></p>
<p>Fat civil-servant pensions are costing taxpayers more than ever before and have led to a clarion call for reform nationwide.</p>
<p>For the taxpay ers of New York City, who fund five different pension funds, the need for fis cal relief prom ises to become ever more dire in the years ahead.</p>
<p>The Post reported in March how the city is now forking out $14.1 billion in pension, health in surance and fringe benefits &#8212; about 22 percent of its $63 million annual budget. That&#8217;s $6 billion more than a decade ago &#8212; and fiscal experts envision the city taxpayer tab will swell to $12.1 billion by 2016.</p>
<p><a href="http://www.nypost.com/p/news/local/pension_headaches_plague_city_7hsIcd5ug2Su8CHkPBEEhP">Read the rest here.</a><br />
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