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Tue 3 Jun 2008

Union-Paid Actuary Was Off by $500 Million

Filed under: Pensions and Retirement Plans, Schwartz, Jonathan, Labor, Legislatures and Parliaments, Government Employees, New York State, Politics and Government, Bloomberg, Michael R, New York City — @ 3:50 am

An actuary relied upon by the New York legislature underestimated pension costs by $500 million, records show.

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