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Governor's Press Office
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Andrew M. Cuomo - Governor

Statement from Budget Director Robert Megna

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(March 22, 2012)

"Today, Moody's Investors Service reported on the necessity and effectiveness of the pension reform measure passed last week. The report found that approving these measures was a 'critical step' toward helping state and local governments manage their long term pension liabilities. While we have heard much political commentary, this report from an unbiased, qualified financial expert brings clarity to our reforms and their impact."