What determines the City’s pension contributions?

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NYCTaxpayer

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Posted 7 years ago

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Official Response
The City's pension contribution is based on very complex calculations that takes into account the age, sex, salary, title, work history of each individual active member and the potential benefits payable to each retired member, as well as the probabilities of resignation, retirement, disability, death, future expectations of salary growth,investment returns and the current pension fund assets.