N.Y. comptroller candidate says pension fund is covering up a shortfall

Although New York state says its pension fund is healthy, a Republican candidate for state comptroller, Harry J. Wilson, claims the fund is in reality short tens of billions of dollars. Wilson says the state is counting money not in the fund that it expects to make from investments and future worker and taxpayer contributions. The state also does not take into account that the pensions are worth more than other types of promised funds because of a constitutional guarantee.

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