Employer contributions to the state’s public pension system will increase starting next fiscal year. So of course will taxpayers’ obligations.
State Comptroller Thomas P. DiNapoli earlier this month said average Fiscal Year 2026 contributions would increase from 15.2 percent to 16.5 percent of payroll for the Employees’ Retirement System and from 31.2 percent to 33.7 percent for the Police and Fire Retirement System. The state’s fiscal years begin April 1.
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