That measure was limited by constraints in the state constitution that do not permit any reduction of benefits for those already in the
state government pension system.
ALBANY, NY (03/01/2011)(readMedia)-- CSEA and NYSUT disavow the «preliminary recommendations» of the Governor's Mandate Relief Redesign Team calling for a Tier VI in the state and
local government pension system.
Similarly, with the financial demands of California's
government pension systems just one more market downturn away from completely crippling local governments, bipartisan support for dramatic pension reform is inevitable.
With tentative agreement between the provinces and federal government to enhance the Canada Pension Plan (CPP), it appears that long - debated changes to the
venerable government pension system are on track to become reality.
Gary Lawson, a pension, executive compensation and transactional lawyer regularly
represents government pension systems and other governmental entities in matters involving governmental law (including open meeting and public information matters), and pension and tax law.
Republicans, meanwhile, say they were becoming exasperated with Democratic refusal to consider any meaningful cuts to welfare programs including Medicare, Medicaid - which provides health insurance to the poor - and Social Security,
the government pension system.
One could argue that citizens who save on their own should be able to opt out of
the government pension system.
The Rockefeller Institute of Government at the State University of New York classifies
a government pension system that is below 40 percent funded as in «crisis.»
Britain's
government pension system is designed to protect retirees from misery, not make them comfortable.