Albany, N.Y. - Think an early retirement is the answer to the current economic crisis? Think again...New York Comptroller Thomas DiNapoli told school board members losses are continuing in the state's public worker pension fund. The fund dropped about 20 percent of its value last year and rate increases are likely in 2011.
Municipalities and school districts could face contribution rate increases in future years.
The fund had $122 billion on Dec. 31 is down from $154 billion only nine months earlier.
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