Sentences with phrase «city worker pension»
The AFL - CIO announced plans to invest $ 1 billion in union and city worker pension funds in affordable developments amid de Blasio's affordable housing push.
http://www.nystateofpolitics.com/ Not exact matches
Union officials, who have vowed to fight any effort to reduce benefits to retirees and vested workers, claim the city has undermined the pension fund by outsourcing city services to workers who don't pay into the system.
Earlier this year, Indiana passed right - to - work legislation and two cities in California voted to curb the pensions of public sector workers.
Retirees now far outnumber active workers among the city's 700,000 residents, and unfunded pension liabilities are a key source of its problems.
The proposed $ 100.8 million budget will spend millions on police and fire pensions as well as a 3 percent pay raise for city workers.
Cities and states will preserve their credit ratings by annulling their pension obligations to public - sector workers, and raising excise and sales taxes — but not property taxes.
The city of 300,000 plans to cut payments to bondholders while leaving intact pension obligations to public workers and retirees.
Similar results can be expected from New York City's five municipal - worker pension funds, which also bank on 7 percent returns.
MIDDLETOWN — An increase in workers» compensation insurance premiums and pension costs for city employees will make it tough for Middletown to develop a 2014 budget, Mayor Joseph DeStefano said.
Diane D'Alessandro, executive director of the New York City Employees» Retirement System, said she'll retire effective Dec. 31 from the agency that manages pension benefits for some 300,000 workers and retirees.
And in late 2008, just as the financial crisis began to explode, Mr. Bloomberg granted 4 percent raises for two consecutive years to the city's largest municipal workers» union, District Council 37, without extracting support for pension givebacks.
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.
Syracuse, NY — A Syracuse police officer who spent eight years chauffeuring and protecting former Mayor Matt Driscoll retired with the highest pension of 47 city workers in 2009.
Jackowski's pension illustrates how overtime can enhance city workers» retirement benefits for the rest of their lives.
James «Jake» Jackowski, 61, driver and bodyguard for Mayor Matt Driscoll, received the highest pension of 47 city workers who retired in 2009, thanks to years of racking up overtime.
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.
State and local government retirees - not including city workers - received $ 7.6 billion from the state's pension fund this year, up from $ 7.2 billion the year before.
To prevent the impending lapse of mayoral control over New York City schools, the state Legislature and Governor Andrew Cuomo passed a two - year extension Thursday as part of a larger omnibus bill, which included a pension enhancement for certain uniformed workers, special recognition for former Governor Mario Cuomo, and several benefits for upstate areas.
He supported a Cuomo - backed bill to improve disability pensions for uniformed workers over a more modest version the mayor sought and wrote to the city ripping a plan to place homeless people at a Queens hotel located near the Nassau County border with zero public outreach, Thies said.
Bloomberg announced a package of reforms to the pension system, including a proposal to hike the retirement age for new non-uniformed city workers to 65 years.
The former agreed to shelve pay raises for municipal workers; the latter helped stave off bankruptcy by buying city bonds with pension funds.
«My opponent... was on both the city of Chicago payroll and the state of Illinois payroll simultaneously, taking full salary, funding her full pension benefits both as a city worker and as a state worker for 10 years.»
In interviews with over a dozen state committee members, Capital heard common frustration with Cuomo's fiscal record — he blocked an income tax hike on wealthy city residents, cut corporate taxes, reduced school aid in 2011 (and slowly dialed it back up), reduced pensions for newly hired public workers and pushed for a cap on local property tax increases.
Bloomberg wants to hike the retirement age for new nonuniformed city workers to age 65 and increase their required pension contributions.
A City Council resolution to ask the state increase disability pensions for uniformed city workers will be considered in committee, despite opposition from the mayor's office and a non-position, so far, from the Council speaCity Council resolution to ask the state increase disability pensions for uniformed city workers will be considered in committee, despite opposition from the mayor's office and a non-position, so far, from the Council speacity workers will be considered in committee, despite opposition from the mayor's office and a non-position, so far, from the Council speaker.
The city budget — all figures are approx estimates — is 75 percent fixed costs salaries and benefits — Obamacare, worker's comp, state retirement, state police and firemen's, pension system.
Episode 17 - $ 95 billion — Ben Max of GG, Carol Kellermann of CBC, & Thad Calabrese, a discuss the current value of all of the future retiree benefits, except pensions, already earned by current retirees and current workers of New York City
But Mayor Michael Bloomberg, who has charged that skyrocketing pension costs are bankrupting the city, dismissed the findings — as well as Liu, who released the study as part of a larger effort to protect public workers» retirement benefits.
The city's savings would be paid for at the tail end of the 25 - year plan, when pension costs are expected to drop as new employees with less costly pensions replace older workers.
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.
Correction officers, firefighters, and sanitation workers all reached deals with the city earlier this week to increase disability pensions.
And through it all, the pension costs for city workers — particularly for police officers and firefighters, who can retire early and draw on those pensions for decades — kept going up.
In June 2012, San Jose mayor Chuck Reed convinced a seventy - to - thirty majority of his city's voters to endorse changes to pension and retiree health care plans for city workers.
In June of 2012, a majority of San Jose, CA voters approved changes to pension and retiree health care plans for city workers.
Outside New York City, the cost of pensions, health insurance and others benefits for workers has been increasing about 10 percent a year since 1998, according to the State Department of Education.
You're also the lead sponsor of an initiative that would allow cities and the state government to potentially reduce pension payments to government workers like teachers, state employees, and police officers, all groups that are traditional Democratic supporters.
A group of active and retired Chicago city employees and four unions that represent them — AFSCME Council 31, the Chicago Teachers Union, the Illinois Nurses Associations and Teamsters Local 700 — filed suit today in Cook County Circuit Court to overturn Senate Bill 1922 (Public Act 98 - 0641), legislation to sharply reduce pension benefits for city workers and retirees who participate in the Municipal Employees Annuity and Benefit Fund (MEABF).
Daniel Loeb, Paul Singer and dozens of other hedge - fund managers have poured millions of dollars into promoting charter schools in New York City and into groups that want to revamp pension plans for government workers, including teachers.
It gets worse for the city's municipal unions, as Judge Rhodes put city workers» pensions on the potential chopping block: In -LSB-...]
New York City Mayor Michael Bloomberg has proposed new pension rules that would require workers to work at least 10 years, double the current requirement, to qualify for a pension.