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Mayor's Budget Adds $50 Million a Year to Meet Cost of Supplemental Retirement Benefit for Some School Staff

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FOCUS ON THE PRELIMINARY BUDGET: The Mayor's budget includes millions of dollars in new funding to cover the cost of an annuity fund for school staff that guarantees 8.25 percent returns a year.

Agency
Subject
Report type
  • Report
Date published
  • 2016-03-21

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