Sentences with phrase «sweeping changes to pension»

Not exact matches

He also said that state and municipal retirement pension plans should be swept into the Social Security system — and argued that the political pressures are building to force change.

Mayor Michael R. Bloomberg proposed sweeping changes on Wednesday to New York's costly pension system, seeking to save billions of dollars by fundamentally altering long - established rules that have awarded generous retirement benefits to municipal workers and have deepened the city's financial hole.

The proposals listed on the back of the ballot could lead to sweeping changes in state laws through a New York constitutional convention, take away the pensions of public officials convicted of felonies, and make it easier to do road and utility work in the Adirondack Park Forest Preserve.

The Pension Protection Act made the most sweeping changes to the plan documents in the last 30 years at the same time the IRS decided to restructure how it regulates qualified plans.