Sentences with phrase «as pension smoothing»

Not exact matches

The two campaigns have traded barbs in recent weeks over a controversial amortization plan that Wilson characterizes as borrowing from the pension fund and DiNapoli's camp insists is merely «smoothing» to provide predictability for local governments and the state when it comes to contributions.

Miner and DiNapoli, Democrats both, have differed with Gov. Andrew Cuomo on a variety of issues (Miner was a state party co-chair, but openly challenged the governor on issues such as state aid to local governments and smoothing out pension costs).

The win for central New York comes after Miner, a former state Democratic Committee co-chairwoman, has publicly criticized Gov. Andrew Cuomo's policies, including his proposal to smooth out pension costs as a way to alleviate local government costs.

Mark Assini, supervisor of the Monroe County town of Gates and a financial analyst, has crunched the numbers of Gov. Andrew Cuomo's pension smoothing proposal and come to the conclusion that, as he put it during a telephone interview this afternoon: «Stephanie is right; she is absolutely right to question this.»

Using the State Pension fund to legitimately lend the State money as an investment rather than the State issuing bonds for smoothing spending is an intelligent idea, but with the same terms and conditions as any bond issuance would have.

It is not a surprising development, given that Richards has been a strong supporter of the Cuomo administration, including Cuomo's push for pension reform that included the controversial smoothing proposal this year as well as gun control.

Lt. Gov. Bob Duffy, who has emerged as the leading defender of Gov. Andrew Cuomo's mandate relief proposals for struggling upstate cities, told Alan Chartock in an interview to air Friday that he would more than pleased with the pension smoothing proposal if he held his old job as the mayor of Rochester.

It's especially important now for the Cuomo administration to have Duffy defending the pension smoothing plan as Syracuse Stephanie Miner, the state Democratic Party co-chairwoman, is opnely skepitcal of it.

Unlike the current system, which features large financial incentives for teachers to retire precisely at a pre-determined age (New York City teachers who begin at age 25 currently hit peak pension wealth at age 63), the new system would offer teachers a smooth wealth accrual that would allow them to time their retirement decisions as they saw fit.