investments

The share that local governments, and thus, taxpayers, pay into the retirement funds of their public employees is going up sharply. The retirement fund used my most state-system retirees will require local governments to pay 11.9% of the tab in 2011, up from 7.4% for 2010. And the fund for police and fire retirees will require an even bigger contribution, 18.2%, from 15.1% in 2010. […]