New York University Skip to Content Skip to Search Skip to Navigation Skip to Sub Navigation

Long-Term Liabilities and Pension Issues in New York - Oct. 25

October 24, 2011

Cities and states across the nation are facing serious fiscal challenges. New York City alone is projecting a deficit of over $4 billion for the next fiscal year. One of the largest single contributors to the city’s budget shortfalls is soaring employer contributions to its employee pension funds. These contributions have increased from two percent of New York City's municipal budget in 2000 to 11 percent in the last fiscal year, while the city's accrued health insurance benefits liability totaled $75 billion in 2010.

Former Lt. Gov. Richard Ravitch will deliver the keynote talk and New York Times metro columnist Michael Powell will guide a round-table discussion on these fundamental public challenges on Tuesday, October 25, starting 8:30 a.m. in the Woolworth Building (233 Broadway, between Park Place & Barclay Street), Room 430.

Join government officials, researchers, and key stakeholders for this first in a series of discussions about New York City’s long-term liabilities and pension costs – an overview. Panelists will include Mike Musuraca, independent pension consultant; James Parrott of the Fiscal Policy Institute; and Daniel L. Smith, assistant professor of public budgeting and financial management at New York University’s Robert F. Wagner Graduate School of Public Service.

The event is presented by The Fund for Public Advocacy, in partnership with the Office of the New York City Public Advocate, and NYU Wagner, with generous support from The New York Community Trust. It is free and open to the public. RSVP is required – go to http://wagner.nyu.edu/events/newyorkcity-10-25-2011.

Media coverage is invited –  please contact Robert Polner at 212.998.2337 or robert.polner@nyu.edu.

This Press Release is in the following Topics:
Robert F. Wagner Graduate School of Public Service, Events and Traditions

Type: Press Release

Press Contact: Robert Polner | (212) 998-2337

Long-Term Liabilities and Pension Issues in New York - Oct. 25

Search News



NYU In the News

Paying It Backward: NYU Alum Funds Scholarships

The Wall Street Journal profiled Trustee Evan Chesler on why he decided to chair the Momentum fund-raising campaign.

A Nobel Prize Party: Cheese, Bubbles, and a Boson

The New Yorker talked to Professor Kyle Cranmer and graduate student Sven Kreiss about NYU’s role in the discovery of the Higgs boson, which resulted in a Nobel prize for the scientists who predicted its existence.

The World as They Knew It

The New York Times reviewed the exhibit at the Institute for the Study of the Ancient World on how ancient Greeks and Romans mapped the known and unknown areas of their world.

Elite Institutions: Far More Diverse Than They Were 20 Years Ago

NYU made stronger gains over the last 20 years in increasing diversity than any other major research university, according to the Chronicle of Higher Education.

Program Seeks to Nurture ‘Data Science Culture’
at Universities

The New York Times reported on the multi-million collaboration among NYU and two other universities to harness the potential of Big Data, including an interview with Professor Yann LeCun, director of NYU’s Center for Data Science.

NYU Footer