06/02/2026
A pension reamortization plan signed into law last week that delays the timeline for the city and other public-sector employers to pay off their pension liability comes with a $7.6 billion price tag.
Governor Kathy Hochul has signed into law a reamortization plan for New York City’s five pension plans that would extend the city’s timeline to pay off its liability, stabilize the amount the city pays every year but ultimately increase the city’s...