Sentences with phrase «city pensions there»
Moody's found that in New York City pensions there have not been as well funded, with unfunded liabilities increasing in recent years.
http://www.nystateofpolitics.com/ Not exact matches
In San Jose, California, the city wanted to lower the unrealistic 7.5 % return from the public pension fund there.
There are five pension funds in New York City, which, unlike the state pension fund, are run by boards of trustees comprised of elected and appointed officials and union representatives.
There would, however, be a separate bill in which Cuomo seeks an agreement to allow some police officers, firefighters and members of the New York City Employees» Retirement System, which includes corrections officers, to qualify for enhanced accidental disability pension benefits, according to an anonymous administration official who spoke to the New York Times.
Recent claims by work and pensions secretary Iain Duncan Smith that people in Merthyr Tydfil in south Wales should «get on the bus» to Cardiff to find work were immediately debunked by PCS, which pointed out that for every job vacancy in the city there were nine unemployed people.
They have put the state and city into such a deficit that even if there jobs are not in jeopardy at the moment the future of there pensions are as well as the pensions of others will be.
Arbetter pointed out that some of the bills weren't released until 3 a.m., and there's been little explanation as to why New York City firefighters and police were excluded from the pension - reform measure.
However, there is one easily overlooked obstacle standing in the way of turning this localized version of a teacher peace corps into a reality in Missouri's two biggest cities: the incompatibility of different pension systems.
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).
Because in California, under what's referred to as the «California Rule of Vested Rights», there are currently a very limited number of things that cities, counties, and the state of California can do to deal with the cost of pension benefits.
Aldeman: Recently there have been some high - profile cases of cities declaring bankruptcy in part from rising pension costs: Detroit, Californian cities like Vallejo, Stockton, and San Bernardino, as well as cities in Alabama and Rhode Island.
Sarah trained at a leading law firm based in the City of London with a strong reputation for pensions law and joined the pensions practice there when she qualified in January 2015.
The unfunded pensions in every city and county sucks up so many tax dollars that there are not enough regulations and fees that can be implemented to pay for them all, and the housing sector is the biggest industry being hit.