All together, the city's 2009 retirees will receive roughly $ 1.7 million a year in pension payments from the state's $ 129 billion system, primarily paid for by taxpayers. (syracuse.com)
The stock market declines in 2008 led to higher payments from state government to pay for the pension system and a reduction in pensions for most retirees. (dailyreporter.com)
But what this long - overdue budget correction will do is force school districts and the medical community and others to live within their means, without relying on excessive payments from the state for support. (poststar.com)