Sentences with phrase «city pension plan»

PBGC continues to calculate the final benefit amount that participants will receive from their Circuit City pension plan.

Not exact matches

After warning the City of Stockton that its pension obligations did not enjoy a privileged position in federal bankruptcy court, U.S. Bankruptcy Judge Christopher Klein proceeded to confirm the city's plan of adjustmCity of Stockton that its pension obligations did not enjoy a privileged position in federal bankruptcy court, U.S. Bankruptcy Judge Christopher Klein proceeded to confirm the city's plan of adjustmcity's plan of adjustment.

And companies can't take on more debt, nor can states and cities because they're being badly squeezed by falling tax revenues and rising pension plan shortfalls.

Canada Pension Plan Investment Board recently committed to a $ 234 - million joint venture to build a residential, office, retail and hotel space in the city of Suzhou, China, for example.

Ivanhoé, the real estate investment arm of pension plan manager Caisse de dépôt et placement du Québec, has been most successful in buying properties in New York, and now has more than 5.5 million - square - feet of the city's real estate in its portfolio, says Adam Adamakakis, executive vice president of US Investments at Ivanhoé.

The city of 300,000 plans to cut payments to bondholders while leaving intact pension obligations to public workers and retirees.

If they planned to get anything out of City, then they all - Kean and Venky's - need to be relieved of their duties on medical grounds, then pensioned off to a large walled compound to tend plants and live happily in institutionalised calm.

Cuomo defended the newly approved Tier Six retirement plan, saying it would prevent layoffs at the local level, given the strain pensions have put on counties, cities and other local municipalities.

When a watered - down Tier 5 was finally enacted later that year, it didn't cover New York City cops and firefighters hired after the Tier 2 expiration date — because then - Mayor Michael Bloomberg reckoned the city would save more by assigning them to another, older pension plan known as TieCity cops and firefighters hired after the Tier 2 expiration date — because then - Mayor Michael Bloomberg reckoned the city would save more by assigning them to another, older pension plan known as Tiecity would save more by assigning them to another, older pension plan known as Tier 3.

In addition, the city's pension contribution is slated to exceed $ 8.2 billion and health benefits are on track to surpass $ 9.1 billion in Fiscal Year 2015, which takes effect July 1, 2014, according to the city's most recent fiscal plan.

Topics included Peter Ragone's role in the administration, de Blasio's engagement in the city council speaker race, plans concerning his wife's possible staff and office, Health Commissioner Tom Farley, Schools Chancellor Carmen Farina's pension and salary and Governor Cuomo's plans to allow medical marijuana in New York.

Miner opposed the governor's plan to bail out financially struggling cities by permitting them to borrow against their own public pension systems.

Wolfson did not comment directly on de Blasio, who is at odds with Cuomo over the issue and is favoring a more fiscally conservative pension plan, but his comments put him on the side of City Hall in its dispute with the state.

Syracuse, NY - Mayor Stephanie Miner made her boldest statement yet against the popular Democratic Gov. Andrew Cuomo when she said his plan to help cities with pension costs was an accounting gimmick and that the state lacks leadership.

My city's pension costs have increased significantly in the past decade, so you might expect me to support the 401 (k)- style retirement plan now under consideration in New York.

Those issues ranged from a plan to cut taxes for the struggling Vernon Downs harness track in central New York to the proposal to put more speed cameras around New York City schools and legislation related to those who qualify for enhanced accidental disability pension benefits in New York City.

«The city does have a plan to slowly, over 22 years, catch up the funding in its pension obligations.

Committee backers, including the Real Estate Board of New York (REBNY) and the Partnership for New York City, benefit from a range of policies continued, implemented, or proposed by the Cuomo administration, including low corporate tax rates, subsidies, pension reform, and real estate development plans.

· Creating a pension reform plan that will save state taxpayers and local governments outside New York City $ 83 billion, and will save New York City $ 30 billion over the next 30 years; and

Astorino, who lobbied Albany on the initial pension plan plan with New York City Mayor Michael Bloomberg, knocked the compromise in Syracuse for being «watered - down.»

New York City's biggest public employee pension fund is poised to vote today to begin pulling its investments from hedge funds, the latest move by a large pension plan to scrap an investment path that once promised big returns.

The AFL - CIO announced plans to invest $ 1 billion in union and city worker pension funds in affordable developments amid de Blasio's affordable housing push.

It's a bit of a stretch to compare Cuomo's borrow now, pay later pension plan to then - President Ford's 1975 denial of federal funds to nearly bankrupt New York City.

The Cuomo - backed plan would grant New York City's entire uniformed work force with the same line - of - duty retirement benefits, versus de Blasio's more modest proposal to increase pensions for more recent hires, while still keeping them lower than those received by their more senior colleagues.

City taxpayers pumped $ 23.7 billion into the city's five pension plans over the past five years - including $ 6.3 billion in 2009, the most recent year availaCity taxpayers pumped $ 23.7 billion into the city's five pension plans over the past five years - including $ 6.3 billion in 2009, the most recent year availacity's five pension plans over the past five years - including $ 6.3 billion in 2009, the most recent year available.

He supported a Cuomo - backed bill to improve disability pensions for uniformed workers over a more modest version the mayor sought and wrote to the city ripping a plan to place homeless people at a Queens hotel located near the Nassau County border with zero public outreach, Thies said.

Judith Bergtraum, 68, who joined CUNY in 2007 and is vice chancellor for facilities planning, construction and management, gets a $ 153,598 pension from her time in city government, including a stint as a deputy commissioner in the Department of Transportation.

One key point of agreement for Republicans in the House and Senate is that they reject Gov. Dannel P. Malloy's plan to shift $ 400 million a year in teacher pension fund costs to cities and towns.

About a year ago, she openly Cuomo's plan to postpone pension costs for cities a «gimmick» on the op - ed page of The New York Times.

And unlike a public sector pension plan, which is protected by the state constitution and whose benefits can't be diminished even in an economic crisis, the retirement savings plan the city is proposing would be very much subject to the vagaries of the market.

Miner has gained state - wide prominence for being critical of Cuomo's plan for pension reform and aid to fiscally troubled upstate cities, telling The New York Times this week «it's kicking the can down the road.»

The city adopted changes to our participation in the NYS police pension plan which will lead to more officers retiring after 20 years of service.

The city's unfunded obligation for post-employment benefits other than pensions grew by nearly $ 39 billion to $ 92.5 billion between fiscal years 2006 and 2013, and will likely continue to grow during the financial plan period

The plan, put forward last month, would not increase state aid to cities or do much to reform tax, pension or labor laws.

And after a city actuarial analysis found New Yorkers are living longer than they used to, the city is now planning to spend an additional roughly $ 600 million a year to help fund its pension obligations.

The plan, which the mayor stressed was merely an agreement «in principle» between city officials and labor leaders, would create a single, consolidated pension investment management board that would manage all five of the city's existing pension funds.

Syracuse mayor Stephanie Miner, a Democrat and then co-chair of the state's Democratic party, stunned the Cuomo Administration when she openly criticized a plan he announced during his 2013 annual address that would have allowed cities to defer pension payments.

Syracuse would save $ 43.5 million on pension payments in the first five years if the city opted into the plan.

The city's savings would be paid for at the tail end of the 25 - year plan, when pension costs are expected to drop as new employees with less costly pensions replace older workers.

The pension proposal — a collaboration between de Blasio, City Council Speaker Melissa Mark - Viverito and Public Advocate Letitia James — would allow workers at companies with 10 or more employees to enroll in self - funded retirement plans.

SYRACUSE, N.Y. — Syracuse city leaders said they will have to do some research to decide whether a new pension payment plan proposed today by Gov. Andrew Cuomo will help address the city's fiscal crisis or just delay the hard choices to be made.

Unlike New York City's public employee pension, which voted to exit its hedge fund portfolio, the state pension isn't planning to yank its money from hedge funds, Fuller said.

One of those tough decisions, says Miner, came two years ago, when she broke with the Cuomo administration, and refused to let the city take part in the governor's plan to reduce skyrocketing pension costs by letting municipalities pay them off over a long period of time.

He pointed to the power the city's pension funds have in the companies they invest in, as well as the ability to audit the city's finances as the tools he planned to use should he get elected.

The two have not talked to each other since October, but they have had a public exchange all spring over the governor's proposal to help cities like Syracuse with a plan to smooth pension costs over time.

In June 2012, San Jose mayor Chuck Reed convinced a seventy - to - thirty majority of his city's voters to endorse changes to pension and retiree health care plans for city workers.

Last year, for every $ 1 the city paid in teacher salaries, it put $ 0.36455 into the city's pension plan.

In June of 2012, a majority of San Jose, CA voters approved changes to pension and retiree health care plans for city workers.

Governor Bruce Rauner's recent pension bill would allow Chicago and other municipalities to file for bankruptcy, a mechanism which would allow the city to start over, restructure its past debt, and reform its pensions plans (but even in this case, there would be obstacles around when Chicago could actually file because of the way the city reports its debt).

If a teacher moves from PSRS to one of the city plans, he or she will incur a significant loss in pension wealth.