SUNY and CUNY have offered a defined-contribution retirement option since 1960s. New state and local government employees in New York have a golden opportunity to create a national model for pension reform. SUNY's model is built on annuities designed to provide a stream of lifetime income.
SUNY and CUNY have offered a defined-contribution retirement option since 1960s. New state and local government employees in New York have a golden opportunity to create a national model for…