Sentences with phrase «for public employee pensions»

Legislators in New Jersey and teachers in Florida are now calling for public employee pension funds to sell their shares of firearms companies.

Not exact matches

State and local employees» contributions to the two largest pension systems increased by 10 %, from 5 % to 5.5 % of their annual salaries and increased the retirement benefit age for new public employees, from 55 to 60 years.

Buffett also singles out pension funds run for public employees.

For example, the largest U.S. pension, California Public Employees» Retirement System, is considering more than doubling its bond allocation to reduce risk and volatility as the bull market in stocks approaches nine years.

Public employee pension funds are vulnerable to being used as a vehicle for advancing political / social goals unrelated to shareholder interests generally.

The California Public Employees Retirement Systems (Calpers) at $ 342.5 bln AUM is the largest public pension fund in the USA (as social security is not funded, opting for a «pay as you go» apprPublic Employees Retirement Systems (Calpers) at $ 342.5 bln AUM is the largest public pension fund in the USA (as social security is not funded, opting for a «pay as you go» apprpublic pension fund in the USA (as social security is not funded, opting for a «pay as you go» approach).

For instance, CalPERS (California Public Employees» Retirement System pension fund) published its 10 investment beliefs; among them is the belief that «a long term investment horizon is a responsibility and an advantage» that leads them to «favor investment strategies that create long - term, sustainable value.»

The reality of the pension crisis was underlined again last week when the board of the largest $ 330 + billion US public pension plan, California Public Employees Retirement System (CalLPERS), voted to shorten its period for amortizing future investment losses from 30 years to 20 public pension plan, California Public Employees Retirement System (CalLPERS), voted to shorten its period for amortizing future investment losses from 30 years to 20 Public Employees Retirement System (CalLPERS), voted to shorten its period for amortizing future investment losses from 30 years to 20 years.

Upper - class individuals will obviously benefit from the new limit, but the new measure is also designed for public service employees and teachers with defined benefit pensions and contributions they rely on.

The size of Illinois» pension crisis requires even bolder pension reform that includes 401 (k)- style plans for public employees.

«Public sector pensions will remain among the very best, providing a guaranteed pension level for all employees.

Cuomo did call for some things that will be unpopular with public employee unions (freezing pay, creating a Tier VI in the pension fund, reducing the size of state government — a move that will undoubtedly necessitate job cuts, but he makes no mention of that I can find in «The New NY Agenda: A Plan for Action»).

The governor assented to a constitutional amendment, which let legislators draw districts that will stand until 2022, in exchange for legislative action on reducing pensions for newly hired public employees and authorizing seven casinos.

State Senate Democrats have reaped $ 85,000 in election - year campaign contributions from the state teachers union since they skipped last month's vote to cut pension benefits for new teachers and other public employees.

With the city facing more budget cuts or even, as she suggested, «insolvency,» Miner was hoping for relief in an area where Albany is itself the prime culprit because of the exploding cost of pensions and benefits promised to public employees.

The Mayor went on the say that what does threaten the city are rising pension and health care costs for public employees.

What: Forced out of office in 2006 for trading access to New York's $ 124 billion public employee pension fund for $ 1 million in benefits — including campaign contributions and luxury trips to Israel and Italy.

What: Forced out of office in 2006 for trading access to New York's $ 124 billion public employee pension fund for $ 1 million in benefits — including campaign

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.

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.

It's practically an annual tradition for state lawmakers at the end of the legislative session: approving bills designed to expand pension benefits for public employees.

In particular, he singled out the high cost property taxes and the main cost - driver, public employee pensions, taking issue with DiNapoli's office pointing to a record - high return for the fund at the end of the 2013 - 14 fiscal year.

Miele's Musings — ARE PENSIONS FOR PUBLIC EMPLOYEES BANKRUPTING US?

The mayor unveiled a $ 47 million proposed bill that would call for Albany to increase disability benefits of «uniformed» public employees hired after 2009 by changing the payment formula, boosting cost - of - living adjustments and ending the policy of subtracting the workers» Social Security earnings from their pension checks.

To be sure, there are well - funded efforts advocating around the subject of a constitutional convention, including unions who fear that delegates might revise pension protections for public employees.

In 2009, a new pension tier with reduced benefits was created for newly hired public employees - called Tier V.

Similarly, the amount state and local governments will have to pay into the state's main pension fund for other public employees would double to nearly $ 4 billion — even if most localities opt into a borrowing scheme approved this year by lawmakers to soften the blow.

But rather than suggest that supporters donate money or warm clothing directly to OWS, the WFP — which has done its best to bleed city residents dry with high taxes and runaway public - employee pension benefits — told the e-mail's recipients that «just $ 5 a month supports our fight for a better New York.»

The Comptroller shall review all revenue estimates and expenditure estimates for Medicaid, public assistance and pension contributions and health care insurance costs for County employees to be used in the proposed tentative budget prepared by the County Executive and submit to the Legislature in writing by the 15th of October a report indicating whether or not such estimates are suitable estimates for the upcoming fiscal year.

The Senate President's motivation for the reform package of 2011 was to save the pension system from going under, to ensure that hard - working public employees received their pensions during retirement that they had been counting on throughout their careers.

Cuomo has been at odds with public workers on several fronts, pushing for a cap on local property tax increases and reducing pensions for new employees.

No current workers would lose their pensions, and all reforms would only impact pensions for public employees who have not been hired yet.»

«For instance, the proposal for a new state pension Tier 6 with dramatically reduced benefits and increased employee costs is called a reform, but would be very destructive to public serviFor instance, the proposal for a new state pension Tier 6 with dramatically reduced benefits and increased employee costs is called a reform, but would be very destructive to public servifor a new state pension Tier 6 with dramatically reduced benefits and increased employee costs is called a reform, but would be very destructive to public service.

On or before the 1st day of October the County Executive shall submit to the Comptroller all revenue estimates and expenditure estimates for Medicaid, public assistance, and pension contributions and health care insurance costs for County employees to be used in the proposed budget.

Reforming the state's pension plan for new employees will put our costs in line with other states across the nation and preserve the invaluable services, like education and public safety, that make New York the best place to live, do business and raise a family.»

Public employee unions were angry with the governor for reducing pensions benefits for new workers, and teachers were upset over a property tax cap, which impacts school budgets, and test - based evaluations.

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.

We need repeal of union give - aways like the Triborough Amendment which rigs union contracts and benefits, repeal of the Wicks Law which raises public construction costs, reform of binding arbitration rules affecting police and fire contracts, and movement toward defined contribution pension plans for public employees.»

In a major blow to Gov. Chris Christie that complicates his 2016 ambitions, a New Jersey judge ruled that he violated state law when he declined to make the full payment into the state's pension system for public employees last year and ordered him to find a way to fund it now.

As it stood, the bill only permitted public employees to collectively bargain for wages, preventing them from collectively bargaining for health insurance and pensions.

After multiple vetoes in recent years, Gov. Andrew Cuomo on Tuesday night approved a measure designed to expand pension credits for those public employees who served in the military.

The trade off for public employee unions used to be you got a lower salary but received benefits / pension.

According to McMahon, one of the key reforms of Tier 6 was to end early retirement for public employees, in which workers could retire as young as 55 after 30 years on the job and not see a reduction in their pensions.

The state investigation into the use of overtime to increase the pensions of public employees, started with great fanfare in 2010 when then - AG Cuomo was prepare to run for governor, has been dropped without so much as a report.

The conference plans to back measures that would strip public employees convicted on corruption charges of their pensions, as well as new regulations for the use of campaign funds.

As for reducing the pensions of current public employees, pollsters should read the relevant section of the state constitution to poll respondents.

New Yorkers also oppose (56 - 37) reducing pension benefits for public employees, despite the fact that experts like the Empire Center's EJ McMahon have warned the state is headed for a serious fiscal mess if generous taxpayer - funded benefits packages aren't scaled back soon.

State Comptroller Tom DiNapoli, sole trustee of the state public employee pension fund, is again pushing for energy giant ExxonMobil to disclose how efforts to mitigate global warming will impact its corporate bottom line.

Public employees unions have opted for the pension contributions in lieu of some higher wages.

She has recently split with the mayor by supporting equal disability pensions for city uniformed employees, and by advocating for free school lunches for all public school students, both proposals Mr. de Blasio views as too expensive.