Sentences with phrase «control public employee pension»

It got so bad for the unions that the one Republican they backed — Allen Fung for governor of Rhode Island — lost to Democrat Gina Raimondo who, as treasurer, worked to rein in out - of - control public employee pension spending.

Not exact matches

He was elected in 2010 as a «new Democrat» who married centrist economic policies — a cap on property tax increases, business tax cuts, a reduction in pension benefits for new public employees — with liberal social policies like strict gun control and support for same - sex marriage.

However, the VDC plan also has several significant advantages: members vest in a year, compared to 10 years years for any current DB pension plan; they can control their own investment profile with the advice of experts; and the DC plan is portable, meaning it follows employees when they change jobs in the public or private sectors, in or out of New York.

Setting a clear cost ceiling for public service pension schemes - the proportion of pensionable pay that taxpayers will contribute to employees» pensions - with automatic stabilisers to keep future costs under more effective control;