The stock market collapse of 2008 decimated public pension fund investments, and municipalities are now being asked for greater contributions to make up for the losses.
He added that he was particularly concerned about relying on contributions to make up any potential shortfall, given the state of the economy.
Pension calculations have become unusually contentious this year, after three years of sharp stock market losses, as companies with pension plans face large mandatory contributions to make up for the decreased value of their assets.
When the FedEx Corporation slimmed down its pension plan last year, it softened the blow by offering workers enriched 401(k) contributions to make up for the pension benefits some would lose.
He pointed to broader cuts under consideration for federal arts and humanities financing, noting that many groups would have to compete against one another for private contributions to make up the difference.
That would, in theory, force many companies to put in huge new contributions to make up for shortfalls at a time when many are already hard up for cash.
According to the group, with issues of this magnitude, it is "not unusual for form letter contributions to make up in excess of 90percentt of a docket's total submissions".
According to the group, with issues of this magnitude, it is "not unusual for form letter contributions to make up in excess of 90percentt of a docket's total submissions". In the case of net neutrality, according to the foundation, something akin to 60percentt of the comments submitted were form letters, a far lower percentage.
But Walmart will need a lot more than a few million dollars in tax-deductible contributions to make up for all the job losses, decrease in available fresh food (and even increased obesity) that could befall New Yorkers.
