Sentences with phrase «local pension bills»

The latest round of increases in state and local pension bills, announced by the comptroller on Aug. 31, will only add to the pressure on localities.

Not exact matches

Palatine homeowners will see higher property tax bills in order to pay for higher local pension costs, as well as a dip in state funding.

More than 90 pension - and benefit - sweetener bills have been introduced in the state Legislature that could cost state and local governments at least $ 200 million.

These bills provide various pension and payroll benefits to State and local workers but provide no funding to pay for them.

The bill allowing all veterans to buy added pension time was vetoed by Cuomo last year because, notwithstanding a clause in the governor's Tier 6 pension reform, it failed to appropriate money to cover the projected state and local government share of the «past service» catch - up cost of the measure.

Schumer, the Senate minority leader, and King met with Teamsters Local 707 in Hempstead to push for the bill, which could help fund pensions for 4,500 Long Island families, including more than 3,700 retirees, Schumer said.

When investment returns tanked during the great recession, local governments were forced to pay more of this pension bill.

Cuomo's veto message on Friday said the bill would create $ 57 million in «near - term commitments» for local governments by failing to establish a state funding stream for the added pension time.

More than 90 pension - and benefit - sweetener bills have been introduced that could cost state and local governments at least $ 200 million.

After holding it for four months, the state Senate has just sent Governor Andrew Cuomo a bill that would add hundreds of millions of dollars * to state and local pension costs by allowing public employees to claim pension service credit for time spent in peacetime military duty.

Officials said that's led to some of the highest property taxes in the country as local governments struggle to keep up with their exploding pension bills.

Calling it an «oppressive unfunded mandate» that would impose $ 57 million in «near term obligations» on local governments across New York State, Governor Cuomo has vetoed a bill that would have allowed public employees to claim up to three years worth of pension service credit for time spent in military duty.

The result is that local government workers, faced with an average additional 3 % increase in their contributions which will then yield a much reduced pensions, are likely to abandon the local government pension scheme in droves as no longer worthwhile, thus adding to the State's welfare bill in retirement and perhaps collapsing the investment funds which this pension scheme feeds.

He introduced a bill last month to strip pensions from state and local public officials convicted of a felony if the crime is a «breach of public trust.»

Beth Newcomer The Legislative Analyst for NYC Council Member Helen Rosenthal (District 6, Upper West Side) encouraged attendees to reach out to their local Council Members and urge them to support the following legislative initiatives: • Possible legislation regarding divestment of the city's pension funds from fossil fuel companies • A bill to require the city to do a carbon footprint analysis of all the products the city procures, and to use that analysis to inform a policy of low - carbon operations • A number of bills to reduce the carbon emissions of city - owned vehicles and improve the sustainability of city buildings • A bill to enhance the city's already - strong idling laws so as to make them easier to enforce Find your Council Member here.

Broadly, the bill would clear the way for voters to amend the state constitution to block «any state or local officer» from collecting a public pension if he or she is convicted of «a felony involving a breach of the public trust.»

This reduced funding, argued proponents of the bill, could be offset at the district level by employee contributions to health - care and pension programs as well as savings gained by local school districts exercising greater autonomy over spending.

A group of active and retired Chicago city employees and four unions that represent them — AFSCME Council 31, the Chicago Teachers Union, the Illinois Nurses Associations and Teamsters Local 700 — filed suit today in Cook County Circuit Court to overturn Senate Bill 1922 (Public Act 98 - 0641), legislation to sharply reduce pension benefits for city workers and retirees who participate in the Municipal Employees Annuity and Benefit Fund (MEABF).

McGee says there is an argument to be made that local taxpayers should bear some of the pension costs, but suggests that states pick up the bills in order to mitigate any financial harm to school districts.