New York City is to pay $160m (£78m) to teachers to settle a 37-year-old pension dispute.
The accord settles a disagreement over whether the city paid correct rates of interest on teachers’ contributions. New York City has the largest school system in the US, with 40,000 active and re...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
