Claiming its a financial and moral challenge, soon-to-be ex-Governor David Paterson has been doing exit interviews and is stressing the pension crisis as the dilemma plagueing the state and its local governments that participate.
Public employees from the Capital to the smallest town participate in the system which will start imposing larger contribution requirements to fund current benefits.
Typical party dogma is to blame Wall Street, but Mr. Paterson says that's a false claim by unions, and that the financial sector must be a part of the solution.
Look for pension costs to be used as a rationale for higher property taxes, but that must be resisted.
Gov. David Paterson sounds pension alarm: On his last day in office, urges focus on crisis