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01.06.2016 19:08:00
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Moody's: New York State and City pensions well-funded, but budgetary costs and pressure rising
New York, June 01, 2016 -- As part of a series analyzing US state and local government pension risks, Moody's Investors Service finds New York State (Aa1 stable) and New York City (Aa2 stable) have kept their unfunded pension liabilities largely in check by increasing contributions as funding needs rise, although pension pressures on budgets have risen.
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