Sentences with phrase «expensive pension tier»

During his gubernatorial campaign, Cuomo called a new, less expensive pension tier — tier VI — to reduce costs to taxpayers and avoid «spiking» or padding pensions in the last years before retirement.

Not exact matches

Last, since pension costs are an expensive mandate for local governments, Governor Cuomo has created a new tier in the state pension system that would save local government's $ 79 billion over the next thirty years.