Sentences with phrase «state pension sweeteners»

· Protect Local Governments From State Pension Sweeteners: The new law requires the state to pre-fund any pension enhancers, ensuring that these costs are no longer passed to local governments.

Not exact matches

More than 90 pension - and benefit - sweetener bills have been introduced in the state Legislature that could cost state and local governments at least $ 200 million.

Cuomo vetoed the pension sweeteners as a group, saying they would collectively «require the State and its localities to pay an estimated $ 15 million in one - time expenditures and would impose recurring annual costs estimated at $ 7.8 million.»

As expected, Cuomo also vetoed several pension sweetener bills, including a measure restoring early retirement rights for uniformed state court officers.

For fiscal watchdogs, the so - called pension sweeteners can be problematic: chipping away at savings achieved in new pension tiers that were approved as a way to save the state money in the long - term.

In 2009, David Paterson, the governor at the time, vetoed a pension sweetener for city cops and firefighters that had been typically carved into the state budget.

The New York Times reported late Monday that is likely to include a pension sweetener sought by some Republicans in the state Senate.

Paterson's December 2009 pension measure reversed benefit sweeteners enacted by the State Legislature over the previous 25 years, while trimming police and fire pensions a bit more.

ALBANY — The annual tradition in the State Legislature of proposing «sweeteners» to state pensions for workers and retirees represented by politically powerful unions has produced 120 bills so far worth hundreds of millions of dollars in benefits, according to the independent Citizens Budget CommisState Legislature of proposing «sweeteners» to state pensions for workers and retirees represented by politically powerful unions has produced 120 bills so far worth hundreds of millions of dollars in benefits, according to the independent Citizens Budget Commisstate pensions for workers and retirees represented by politically powerful unions has produced 120 bills so far worth hundreds of millions of dollars in benefits, according to the independent Citizens Budget Commission.

More than 90 pension - and benefit - sweetener bills have been introduced that could cost state and local governments at least $ 200 million.

To create a financial disincentive for future pension sweeteners, Cuomo's Tier 6 «pension reform» of 2012 had included language requiring that the full cost of any retirement benefit increase for state and local employees to be paid out of the state budget.

George Pataki and the state Legislature approved public - pension sweeteners that drove nearly $ 13 billion in cumulative pension cost increases for the city from 2000 to 2010.