US - Local governments' pension contribution rates will decline in 2008, the third decrease in three years, since they peaked at 12% in 2005, announced New York state comptroller Alan Hevesi.
The pension rate for most employees will be 9.2% of payroll for the payment due on 1 February 2008. Following the 2005 peak, the rate for most employees declined by 23%. It decreased to 10.7% in 20...
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