Sentences with phrase «pension cost jumps»
Pension cost jumps - forecast to continue at least through 2012 - are due largely to losses the state's pension funds suffered in the recession of 2007 and 2008.
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Since FY14, when the pension payment jumped by $ 400 million to a total of over $ 600 million, CPS has turned to a series of one - time fixes to pay for pension costs and prevent significant school budget reductions.