Sentences with phrase «police and fire retirement»

The average rate of contribution for the police and fire retirement system declined by 2 percent — from 24.7 percent to 24.3 percent.

Walsh, in the budget proposal, said the city could cut spending in areas such as social security, medical insurance, parks conservancy, the department of public works and city employee, police and fire retirement systems.

The average contribution rate for the police and fire retirement system will decline by 2 percent — from 24.7 percent of payroll costs to 24.3 percent.

Contribution rates in 2000 to the state's employees retirement system and police and fire retirement system accounted for 1 percent and 2 percent of overall payroll, respectively.

«AN ACT to amend the retirement and social security law, in relation to an optional twenty - year retirement plan for members of the New York state and local police and fire retirement system and to amend chapter 504 of the laws of 2009, amending the retirement and social security law relating to establishing police and fire retirement provisions, in relation to special retirement plans for members of the New York state police and fire retirement system»

Not exact matches

While pensions are not nearly as common as they once were, they are a very important part of the retirement plans for many of society's most valued workers: teachers, police officers, fire fighters and more!

A fight over disability pension benefits escalated on Friday, with the de Blasio administration defending its proposal and police and fire unions and members of the City Council claiming it short - changes uniformed workers, forcing them to choose between a better line - of - duty pension or a higher cost - of - living increase after retirement.

The proposal, subject to state lawmakers» approval, would also raise teacher retirement ages for new hires and eliminate a $ 12,000 yearly payment received by many current police and fire department retirees.

David Paterson consigned newly hired city police and firefighters to a less expensive retirement plan when he vetoed a previously routine extension of the old police and fire «tier» in 2009.

Pension costs spiked to their highest levels in decades in 2014, growing to 20.9 percent of payroll costs for the common retirement fund and 28.9 percent for police and fire pensions.

Fire and police unions have been hammering the mayor for his refusal to back a reversal to a 2009 state law that cut the disability retirement benefits for firefighters or police officers who are wounded in the line of duty if they were hired after July 2009.

The reason this exists stems from the fact that the 457's original purpose was to provide police and fire employees a way to access retirement funds in the event that their career was ended early by injury.