NYC Teachers are juicing their pensions, and it cost taxpayers $1B

Via NY Post: A little-known pension perk available only to New York City teachers cost taxpayers an astonishing $1.2 billion last year, a watchdog group reported Wednesday. The sweet deal guarantees that teachers who sock away money for retirement in a special Tax Deferred Annuity (TDA) receive a 7 percent annual return. In stark contrast, […]

via NYC Teachers are juicing their pensions, and it cost taxpayers $1B — Fellowship of the Minds

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