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

Pedestrian killed on Route 96 identified as 23-year-old Cornell student

Crime 3

Accident happened around 4 a.m. Saturday on Route 96 just north of city

in Local

Parks advocates applaud Cuomo’s budget proposal

state leg

The group congratulates the governor on allocating money to repairing parks and historic sites.

in Local

Jury selection moving forward for Cal Harris trial

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

A judge has also banned cameras from the courtroom.

in Local

UPDATE: Pedestrian killed in accident on Route 96 outside Ithaca

Crime 3

Authorities now say pedestrian was killed in crash

in Local

Prosecutor in Silver case sounds off

state leg

U.S. Attorney Preet Bharara has some harsh words for Albany politicians.