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NYC pension system strained by costs

An examination of New York City’s pension system reveals an investment strategy that has failed to keep up with growing costs, and a governing structure that often permits politics to intrude. http://www.nytimes.com/2014/08/04/nyregion/new-york-city-pension-system-is-strained-by-costs-and-politics.html?emc=edit_th_20140804&nl=todaysheadlines&nlid=68163943

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