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Admit Claims of Major Pension Gains Tied To New Board Are Dicey

By RICHARD STEIER
Posted 11/25/11

The top aide to City Comptroller John C. Liu Nov. 15 acknowledged that the Comptroller and Mayor Bloomberg had no hard evidence that their plan to shift investment decisions for the city’s five pension funds from the Comptroller and other fund trustees to an independent board would improve earnings as much as they projected late last month, even as he insisted the proposed change would leave the systems stronger and less politicized.

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