Local

NY pension contribution costs lowered

New York state Comptroller Thomas DiNapoli is lowering the employer contributions to the pension system made by governments, school districts and their taxpayers.

All have been slammed for years by pension cost increases.

The move should be a welcome break for governments and schools, which have been bracing for another increase.

Those pension costs are driving some local governments toward insolvency.

DiNapoli tells The Associated Press that the unexpected reduction in employer contributions came about because he accepted a recommendation from an independent analysis.

The analysis recommended a cut of about 1 percentage point in cost for a total payroll.

Governments and schools typically pay about 20% of their payrolls into pension funds.

Copyright 2013 The Associated Press.

More Local Headlines

in Local

Ithaca College to receive state STEM grant

Fresh
ithaca college3

The $600,000 grant for Ithaca College will go toward improving offerings in math and science fields.

in Local

Racially charged symbols graffitied on NYS Thruway

Updated
graffiti racially charged

Deputies say they found graffiti on an underpass while conducting a routine patrol.

in Local

Fourth trial date confirmed for Cal Harris

Calvin Harris appeared on the CBS program 48 Hours. He is set to go on trial for the third time on allegations he murdered his wife. The program aired Monday, June 9, 2014/CBS News

Defense lawyers for Cal Harris say they're trying to block the new trial.

in Local

Syracuse University purchases body cameras for officers

bodycams

School says it has purchased 36 body cameras for officers, which should be operational by October

in Local

Capital Region man first conviction under tougher state DWI law

courtroom

32-year-old from Schenectady is first to be convicted under Vince's Law, which increases penalties for those with repeat DWI offenses