New York (CNNMoney)- Illinois lawmakers approved a landmark pension reform package Tuesday that would cut retirement benefits for teachers, nurses and other retired and
current state workers.
Current state workers and teachers will also have the option to join the new plans.
Not exact matches
Unions say right - to - work laws infringe on
workers» collective bargaining rights, and proponents call for a federal law as opposed to the
current patchwork of
state statutes.
A report by CareerBuilder
states that 21 percent of
workers plan to leave their
current job in 2016 (up from 16 percent in 2015) and as you know, it is expensive to hire and train a new employee.
What's going on is that thousands of oil
workers are fleeing the
state - run oil firm under the watch of its new military commander, who has quickly alienated the firm's embattled upper echelon and its rank - and - file, according to union leaders, a half - dozen
current PDVSA
workers, a dozen former PDVSA
workers and a half - dozen executives at foreign companies operating in Venezuela.
The plan requires new
state workers to choose between the
current pension system and a new hybrid plan that's part pension and part 401 (k)- style plan.
The question remains: are media institutions morally responsible for the
current Brazilian
state - of - affairs, where people are getting beaten on the streets for wearing T - shirts of the wrong colour, such as the red associated with Rousseff's
Workers Party?
This brief uses data from the
Current Population Survey Annual Social and Economic Supplement5 to examine the importance of public pensions to black retirement security, and why the twin threats to public pensions — cuts to
state pension benefits and the decline in public employment over the past two decades — particularly threaten the retirement security of African American
workers.
While demographics in the Unites
States have changed dramatically since Social Security's inception in 1935, Crowley said that there is no need to restructure the program, even with President Obama's own experts saying the fund is unsustainable at its
current ratio of
workers to benefit recipients.
While it won't do anything to close the
current gap, Cuomo says he intends to once again pursue a new benefit tier for
state workers that offers lower benefits, and possibly, for the first time, the option of 401k retirement accounts.
He declared that with the
current state of the
state's economy, there would be no room for waste, reiterating that he would not borrow to pay
workers salary; and that if there was any need to borrow, he would only borrow to execute capital projects.
He called Paterson's maneuver a «mistake,» and said the
state would «do the right thing» by uniformed
workers, describing the
current state of New York City officers» benefits as «blatantly unfair.»
Tipped wage
workers earn less than the
state's
current minimum wage, which is set to increase to $ 12 from $ 11 in New York City at the end of the year.
The President of the
state worker union the Public Employees Federation, Ken Brynien, says he's pleased that the governor seems to realize that
state government can not continue in its
current form, after years of budget cuts and staff attrition, and that it needs to be reorganized.
· Allowing counties an option to modify how they fund
state mandated pension contributions · Providing counties more audit authority in the special education preschool program · Improving government efficiency and streamlining
state and local legislative operations by removing the need for counties to pursue home rule legislative requests every two years with the
state legislature in order to extend
current local sales tax authority · Reducing administrative and reporting requirements for counties under Article 6 public health programs · Reforming the
Workers Compensation system · Renewing Binding Arbitration, which is scheduled to sunset in June 2013, with a new definition of «ability to pay» for municipalities under fiscal distress, making it subject to the property tax cap (does not apply to NYC) where «ability to pay» will be defined as no more than 2 percent growth in the contract.
New York Governor Andrew Cuomo announced a plan Monday to increase the minimum wage for
State University of New York
workers to $ 15 an hour — up from the
current rate of $ 9 an hour.
The
current state minimum wage for tipped
workers is $ 7.50 an hour.
«If you've got
workers at or near the minimum wage, you can't make that wage reduction, under
current state law.»
The increased hourly wage for fast - food
workers represents a raise of more than 70 percent over the
state's
current minimum wage of $ 8.75 per hour.
Since the
state Constitution guarantees pension benefits for
current employees, pension reform needs to be understood as a strategy that will impact
state and local finances for the next generation of government
workers and taxpayers, not
current workers and taxpayers.
Former Bronx Assemblyman and
current State Labor Commissioner Peter M. Rivera announced yesterday that $ 12.7 million in back wages, interest and liquidated damages have been recovered for more than 14,000
workers in just the first four months of 2014 — putting New York
State on pace to recover over $ 38 million this year for
workers.
There were arguments at an Assembly roundtable yesterday both for and against ride - sharing, an airing of concerns about
worker protections and insurance coverage as well as pleas from business leaders to do something about
current taxi service in the
state Capitol.
The raises come as the administration heads toward contract negotiations with the Public Employees Federation, a union of 54,000 white - collar
state workers whose
current agreement expires on April 1.
Democrats in the
State Senate held a forum promoting a hike in the state's minimum wage, while a conservative group says there's already a government program in place that boosts the earnings of low wage workers well above the current minimum stan
State Senate held a forum promoting a hike in the
state's minimum wage, while a conservative group says there's already a government program in place that boosts the earnings of low wage workers well above the current minimum stan
state's minimum wage, while a conservative group says there's already a government program in place that boosts the earnings of low wage
workers well above the
current minimum standard.
The
current Gov. Cuomo, conducting an aggressive, union - backed crusade in his father's name for a mandatory $ 15 - an - hour minimum wage, unleashed a jaw - dropping attack on a portion of the private sector last week by claiming low - wage businesses are «stealing from the taxpayers of this
state» because their
workers are entitled to
state and federal benefits.
«The largest direct cash benefit in a typical low - income
worker's public - assistance package is the Earned Income Tax Credit — pioneered in New York
state by the late former Gov. Mario Cuomo,» noted McMahon, whose conservative - oriented think tank has at times praised the
current governor.
Inside, dozens of fast food
workers were among those who testified at the last hearing held by Cuomo's wage board, which is examining whether to raise the
state's minimum wage beyond the
current rate of increase to $ 9 an hour by the end of 2015.
Gov. David Paterson said today he's moving ahead with plans to lay off 898
state workers before the end of the year — fewer than the 2,000 he initially said would be necessary to make the $ 250 million worthy of workforce savings in the
current budget, but still enough to be «painful.»
Councilman I. Daneek Miller, who heads the civil service and labor committee, said he thought the company could be violating its
current franchise agreement by bringing in out of
state workers — and said the Council was exploring adding provisions to protect employees to the next agreement.
Most of the public will not engage in arguments about the size of the
state, but public sector
workers (who did not cause the
current crisis) will feel its effects.
He says across - the - board cuts in the corporate tax rate, incomes taxes, and
workers» compensation costs, among other things, would ensure that any
current or new businesses really do remain in the
state.
Inside, dozens of fast food
workers are among the over 170 people who testified at the last hearing held by Cuomo's wage board, which is examining whether to raise the
state's minimum wage beyond the
current rate of increase to $ 9.00 an hour by the end of 2015.
The rally was timed to coincide with the
state labor board's first meeting to discuss requiring all fast food companies to raise wages for
workers, who typically earn close to the
current federal minimum of $ 8.75 an hour.
After an analysis of potential
workers» compensation claims in sedentary environments across several
states, Drexel University's Natalie Pedersen, JD, an assistant professor of legal studies in the LeBow College of Business, and Lisa Eisenberg, JD, a graduate of the Thomas R. Kline School of Law and
current judicial clerk, claim employers should be held accountable because it will force them to reduce such harms in their work environments.
Influenza remains a major health problem in the United
States, resulting each year in an estimated 36,000 deaths and 200,000 hospitalizations.4 Those who have been shown to be at high risk for the complications of influenza infection are children 6 to 23 months of age; healthy persons 65 years of age or older; adults and children with chronic diseases, including asthma, heart and lung disease, and diabetes; residents of nursing homes and other long - term care facilities; and pregnant women.4 It is for this reason that the Centers for Disease Control and Prevention (CDC) has recommended that these groups, together with health care
workers and others with direct patient - care responsibilities, should be given priority for influenza vaccination this season in the face of the
current shortage.1 Other high - priority groups include children and teenagers 6 months to 18 years of age whose underlying medical condition requires the daily use of aspirin and household members and out - of - home caregivers of infants less than 6 months old.1 Hence, in the case of vaccine shortages resulting either from the unanticipated loss of expected supplies or from the emergence of greater - than - expected global influenza activity — such as pandemic influenza, which would prompt a greater demand for vaccination5 — the capability of extending existing vaccine supplies by using alternative routes of vaccination that would require smaller doses could have important public health implications.
Researchers randomly surveyed 2,838
current and former
workers in the United
States.
This threatens the
state's ability to sustain the
current economic boom and traps the
workers themselves in jobs with little opportunity to advance, according to New Skills for a New Economy, a new study based on over two years of research conducted at the Harvard Graduate School of Education's National Center for Adult Literacy and Learning (NCSALL) and Northeastern University's Center for Labor Market Studies.
For their calculations of economic impact, the authors estimate the expected growth of a
state's economy if the
current knowledge capital of
workers were to remain unchanged and compare this growth path to the one that would be achieved with better schools.
First, we estimate the expected growth of a
state's economy if the
current skill level of
workers were to remain unchanged.
Biggs uses
state pension data to look at how well these long - term
workers fare under the
current system.
It will add new funding streams to the
state's woefully under - funded pension plans, limit pension «spiking» whereby employees cash out vacation and sick leave to artificially inflate their benefits, raise the retirement age for
current workers, limit annual cost - of - living adjustments, and allow a limited number of employees to choose a defined contribution plan over the traditional defined benefit.
States may trim other benefits for
current workers, reducing cost - of - living adjustments, or COLAs, which adjust benefits for inflation.
For teachers (who make up over 60 percent of
workers covered by New Jersey's
state pension plans) the
current pension system disproportionately allocates benefits.
This would allow
workers more flexibility and control over their retirement, cap the
current plan's liabilities, force the
state to start paying down the debt and prevent future underfunding.
LANSING, Mich. (AP)- The Michigan Senate has approved a compromise bill that would end
state - provided health coverage in retirement for new public school employees and require
current workers to pay more for their pensions.
Still, that transition could take place over decades, as
current workers gradually age into retirement, and
states could instead phase in changes slowly over time.
Based on findings from a national survey of more than 2,000 full - time working Americans, across white -, blue and gray - collar industries, we are shedding light on the
current state of how American
workers are approaching retirement planning and preparedness.
This data visualization created by designer Megan Wild for KBG takes a look at the most common jobs in each
state during 2014 and found out whether the
state decided to cut, raise, or maintain the
current workers» compensation benefits.
«We object to the biennial in its
current form because it upholds a system that benefits collectors, trustees, and corporations at the expense of art
workers,» the letter
states.
South Carolina is such a
state, and its
current legal climate and
workers» compensation system is stifling its economic growth.