Sentences with phrase «allow public pensions»

Not exact matches

Companies are no longer allowed to sell pension advances to public employees in Missouri.

«There is no long - term accountability in the public sector, so the pensions and benefits can be allowed to balloon out of control,» according to one respondent.

The International Monetary Fund for years has documented that asking ever healthier taxpayers to wait a little longer for their pension benefits is among the handful of measures that will allow developed economies to save their public retirement systems for bankruptcy.

They allow lower and middle income families to shield their retirement savings from high rates of taxation and clawbacks of public pensions, leveling the tax «playing field» compared to high income families with access to many tax - planning strategies.

But Pinochet's army and police were allowed to maintain very generous public pensions.

Public pensions are allowed to fund on the basis that their assets magically return their expected assumption.

The omnibus extraordinary session package also provides a financial incentives to entice Vernon Downs racino and harness track to remain open; offers $ 55 million in relief for Lake Ontario communities ravaged by flooding; tweaks a law to allow New York City first responders to receive an accidental disability pensions even if they don't receive a federal Social Security disability pension; and creates a 250 - acre forest land bank to allow for certain public utility projects under a constitutional amendment.

The fund, run by state Comptroller Thomas DiNapoli, is also heavily weighted to stocks — and, like all public pension funds, is allowed to calculate its funding needs based on accounting assumptions that would not pass muster in the private sector.

Question # 2, «Allowing the Complete or Partial Forfeiture of a Public Officer's Pension if He or She is Convicted of a Certain Type of Felony,» and question # 3 «Authorizing the Use of Forest Preserve Land for Specified Purposes» received unanimous approval at the October meeting.

Mr Cameron accused the chancellor of a «craven surrender» in allowing these workers to retire at 60 - Lord Turner is expected to call for a general rise in retirement age to 67 - and argued that any pensions scheme must be equitable for private and public sector workers.

The proposed amendment would allow the law to apply to public officials who joined the pension system before then, as well.

Judges are allowed to strip pensions of public officials convicted of corruption, but it only applies to appointed and elected officials who joined the pension system after Nov. 13, 2011.

A November ballot proposition would amend the state constitution to allow judges to reduce or revoke a pension of a public official convicted of a felony related to his or her duties.

That law allowed for the pensions of subsequently elected legislators to be taken after a criminal conviction, and defined «public official» in a way that also included rank - and - file state employees but excluded police officers, firefighters and teachers.

It would change the state constitution — which treats public pensions like contracts that can't be impaired — to allow a judge to demand that a «public official» who is «convicted of a felony related to public office» forfeit his or her pension like any other asset.

In 2012, he pushed to reduce pension benefits for new public employees in exchange for allowing legislators to draw their own district lines, breaking a campaign promise to reformers and helping Republicans retain their grip on power in the state Senate.

· 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.

«Our objectives remain to promote the abolition of those obnoxious states» laws, which seek to allow former governors to receive life pensions either now or in the future when friendly governments are in place in their states, and to secure full recovery of public funds.

Proposal 2: Allows judges to revoke the state pension of a public officer convicted of a felony related to officer's duties

A second proposition, which allows a judge to strip the pensions from public officials convicted of felonies, was approved by a nearly two - to - one margin.

It would allow a judge to revoke the pensions of some public officials convicted of felonies.

A 2011 state law allowed judges to strip pensions from convicted public officials but only those who joined the pension system after the law took effect.

Cuomo signed late Tuesday the legislation, which allows honorably discharged service members with five years of existing public pension credit to purchase three years of credit for their military service.

Albany lawmakers have begun the process of changing the constitution to allow public officials convicted of a crime to be stripped of their pensions.

Cuomo was criticized during an all - night session in mid-March for issuing special messages of necessity to allow the Senate and Assembly to pass bills as soon as deals were struck on topics like a new pension tier for public workers, and redistricting lines.

«Lord Hutton has allowed himself to legitimise the intention that the coalition government has had from the outset to raid public service pensions.

«We will not allow ourselves to be drawn into accepting cuts to welfare, attacks on public services, mass job losses, and cuts to pay and pensions, with the occasional promise of tea and a cosy chat in Downing Street.

He said he would vote again this year to pass a bill that allows the state to strip pension payments from all state officials and employees who are convicted of crimes related to their public duties.

A government ethics reform bill, jointly passed by the state Legislature Monday for a second time, amends the state constitution and allows the state to reduce or revoke the pension of a public officer that has been convicted of a crime related to his or her official duties.

Thursday night, word began circulating of a «framework» agreement reached between the so - called «three men in a room» — Gov. Andrew Cuomo, Assembly Speaker Carl Heastie and Senate Majority Leader John Flanagan — that would satisfy at least the minimum requirements for both: The Democratic - dominated Assembly would agree to the first passage of legislation paving the way for a constitutional amendment that would allow for the stripping of public pensions from elected officials and other top officials convicted of public corruption, and the Republican - led Senate would approve a one - year extension of mayoral control of New York City's schools.

As CalWatchdog.com's Chris Reed argued, «That is good news for those considering taking on public employee unions in 2016 with ballot measures putting limits on government pensions or scrapping state laws allowing teachers to receive lifetime tenure after less than two years on the job.»

After holding it for four months, the state Senate has just sent Governor Andrew Cuomo a bill that would add hundreds of millions of dollars * to state and local pension costs by allowing public employees to claim pension service credit for time spent in peacetime military duty.

But three - quarters of New Yorkers say they will support a constitutional amendment in November that would allow judges to reduce or strip the pensions of public officials who are convicted of crimes related to their office.

Calling it an «oppressive unfunded mandate» that would impose $ 57 million in «near term obligations» on local governments across New York State, Governor Cuomo has vetoed a bill that would have allowed public employees to claim up to three years worth of pension service credit for time spent in military duty.

Question Two on the ballot was an amendment proposal to allow the complete or partial forfeiture of a public officer's pension if he or she is convicted of a certain type of felony.

«While the financial markets have been volatile, our pension fund remains one of the strongest and best funded in the country, allowing New York's public workforce to retire with the knowledge that their pensions are secure.»

No one who violates the public trust should be allowed to receive a taxpayer - funded pension.

Voters will cast ballots next week on a constitutional amendment that allows judges to cut or do away with corrupt public officials» pensions.

Voters last Tuesday approved a constitutional amendment that would allow for public officials to be stripped of their pensions if convicted of a felony related to their office.

No one who violates the public trust so egregiously should be allowed to receive a taxpayer - funded pension.»

The final legislation renames the Tappan Zee Bridge after former Gov. Mario Cuomo; provides a financial incentive package to entice Vernon Downs racino and harness track to remain open; offers $ 55 million in relief for Lake Ontario communities ravaged by flooding; tweaks a law to allow New York City first responders to receive an accidental disability pensions even if they don't receive a federal Social Security disability pension; and creates a 250 - acre forest land bank to allow for certain public utility projects under a constitutional amendment.

A second proposition, which allows a judge to strip the pensions from public officials convicted of felonies, was approved by a nearly two to one margin.

«No legislator who respects the integrity of public service would allow a corrupt public official to receive a pension,» Cuomo spokesman Richard Azzopardi told the Post.

That particular bill would allow future lawmakers to determine, by amending statute, exactly which types of public employees — teachers, cops and firefighters are currently exempt — might lose their pension if convicted of a felony related to their job.

Cuomo proposes to extend a system of public campaign finance to all statewide offices and legislative races, ban the use of campaign funds for personal expenses, require the disclosure of outside income and the clients who supported it and change the state Constitution to allow prosecutors to claw back the pensions of officials convicted of public corruption.

The new law allows judges to cut off pensions to government employees whose convictions had a «direct and actual relationship to the performance of the public officer's existing duties.»

He identified a number of reforms that the Assembly would advance, including closing the LLC campaign finance loophole, limiting the influence of big money in politics, and allowing for the pension forfeiture of corrupt public officials.

This concept is rooted in ongoing efforts supported by the labor movement to allow public and private pension funds to sue Wall St. firms for pension losses.

The pension proposal — a collaboration between de Blasio, City Council Speaker Melissa Mark - Viverito and Public Advocate Letitia James — would allow workers at companies with 10 or more employees to enroll in self - funded retirement plans.

A press conference will be held to call for reforms to the state's Martin Act to allow the Attorney General to sue on behalf of public pension funds for pension losses due to securities fraud.