The next phase of public pension reform will likely be touched off by a stock market decline that creates the real possibility of at least one state fund running out of cash within a couple of years. (investmentresearchdynamics.com)
Major issues during the 2014 legislative session included public pension reform and liquor privatization. (ballotpedia.org)
The point of public pension reform is to reduce the risk for New York taxpayers, who — in addition to their own financial concerns — now stand behind a constitutional guarantee of defined - benefit pensions for all current and future state and local government retirees. (nystateofpolitics.com)