US - The US$450m set aside to pay the Metropolitan Transportation Authority (MTA) unfunded pension liabilities was never actually transferred and the MTA lost out on possible savings of $42m, according to New York state comptroller Alan Hevesi.
The $450m had been set aside from the 2005 surplus and was destined for the MTA's pension liabilities, but Hevesi revealed the funds were never transferred and were in an off-budget, interest beari...
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