Local Governments Say “Alleluia” — Employer Pension Contributions Decrease by 1 percent

Increase had been anticipated Employer contribution rates for the New York State and Local Retirement System will decline slightly in Fiscal Year 2014-15, New York State Comptroller Thomas P. DiNapoli announced this week. The average contribution rate for the Employee Retirement System (ERS) will decrease by 0.8 percent of payroll, from 20.9 percent to 20.1 […]