Not exact matches
Bloomberg, who gave away more
than $ 250 million last year, called the legislative plan to halve the charitable deduction for people worth $ 10 million or more from 50 percent to 25 percent «is as crazy as the hedge funds thing,» adding: «We need the
private sector to be more
generous.»
At the hearing, Governor Cuomo's budget director, Robert Megna, told lawmakers that the Tier VI proposal's defined contribution plan, which would be similar to the TIAA - CREF plan now offered to employees at the State university system, is more
generous than almost anything in the
private sector.
Ok, that's a very
generous salary, but his peer group in the
private sector are doing so much better
than him, and he's gained all the skills and experience that make him very employable outside.
The former assemblyman is enrolled in the most
generous pension tier system, and should collect $ 90,750 a year — more
than most New Yorkers make in the
private sector.
He told MPs yesterday: «I think when people will see it, they will see it is fair: fair to the public
sector, people in the public
sector will get a much more
generous pension
than is available in almost any part of the
private sector; but it is also fair to the taxpayers.»
Public
sector workers generally have more
generous retirement packages
than similar workers in the
private sector.
Pension benefits for public school teachers (and most public employees) are far more
generous than for
private sector professionals.
This story doesn't fit with the popular perception of teacher pensions as more
generous than private -
sector retirement benefits.
The state's new retirement plan consists of a less -
generous defined - benefit component
than the one found in the old pension system, as well as a defined - contribution component similar to the 401 (k) plans found in the
private sector.
This is maybe a bit more
than most
private -
sector workers receive, but it's not overly
generous; it would be comparable to 5 percent employer match on a 401k plan.
We conclude that public - school teacher salaries are comparable to those paid to similarly skilled
private sector workers, but that more
generous fringe benefits for public - school teachers, including greater job security, make total compensation 52 percent greater
than fair market levels, equivalent to more
than $ 120 billion overcharged to taxpayers each year.
... public - school teacher salaries are comparable to those paid to similarly skilled
private sector workers, but that more
generous fringe benefits for public - school teachers, including greater job security, make total compensation 52 percent greater
than fair market levels, equivalent to more
than $ 120 billion overcharged to taxpayers each year.
Starting pay for graduates and school leavers with A levels in the armed forces is at least on a par with that for other public
sector employers and in some instances may be more
generous than for first jobs in similar areas in the
private sector.