US - The strength of the New York State Common Retirement Fund (CRF) has enabled the employer contribution rates for the Employees' Retirement System (ERS) and the Police and Fire Retirement System (PFRS) to be lowered.
It means that for 2009, ERS will drop from 9.6% of the payroll to 8.5%. Meanwhile, the rate for PFRS will decrease from 16.6% in 2008 to 15.7% in 2009. New York state comptroller, Thomas DiNapo...
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