City pension costs to increase

The city's financial troubles worsened Thursday after a panel voted to raise its contribution to the pension system for police officers and firefighters.Daily News.

At the recommendation of an actuary, the Board of Fire and Police Pension Commissioners decided to set the city's contribution at $500 million for the 2011-2012 fiscal year, $50 million more than the city's budget analysts had planned for, and they had already anticipated an increase of $63 million.