Sentences with phrase «municipal workers pension»

While federal and provincial leaders debate how to solve the pension crisis during meetings in Whitehorse this week, an interesting proposal has been suggested by the head of Ontario's municipal workers pension plan: let anyone join a government employee pension plan.

Not exact matches

[74] In 2008, Corzine approved a law that increased the retirement age from 60 to 62, required that government workers and teachers earn $ 7,500 per year to qualify for a pension, eliminated Lincoln's Birthday as a state worker holiday, allowed the state to offer incentives not to take health insurance and required municipal employees work 20 hours per week to get health benefits.

Similar results can be expected from New York City's five municipal - worker pension funds, which also bank on 7 percent returns.

The mayor, whose own administration has been partially responsible for pension fund growth, now wants to require most new municipal workers to work at least 10 years, or double the current amount, to qualify for a pension, and bar them from receiving pension checks until age 65.

And in late 2008, just as the financial crisis began to explode, Mr. Bloomberg granted 4 percent raises for two consecutive years to the city's largest municipal workers» union, District Council 37, without extracting support for pension givebacks.

Mayor Michael R. Bloomberg proposed sweeping changes on Wednesday to New York's costly pension system, seeking to save billions of dollars by fundamentally altering long - established rules that have awarded generous retirement benefits to municipal workers and have deepened the city's financial hole.

The mayor wants to require most new municipal workers to work at least 10 years, or double the current amount, to qualify for a pension, and bar them from receiving pension checks until age 65.

The former agreed to shelve pay raises for municipal workers; the latter helped stave off bankruptcy by buying city bonds with pension funds.

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).

Amid the current economic uncertainty, myths are circulating about the pension programs and health insurance for municipal workers Municipal Labor Coalition Chairperson and Uniformed Sanitationmen's Association President Harry Nespoli and MLC Co-Chair and UFT President Randi Weingarten wrote in the Daily News on March 28, «These myths not only misrepresent the problems, they stand in the way of finding realistic solutionmunicipal workers Municipal Labor Coalition Chairperson and Uniformed Sanitationmen's Association President Harry Nespoli and MLC Co-Chair and UFT President Randi Weingarten wrote in the Daily News on March 28, «These myths not only misrepresent the problems, they stand in the way of finding realistic solutionMunicipal Labor Coalition Chairperson and Uniformed Sanitationmen's Association President Harry Nespoli and MLC Co-Chair and UFT President Randi Weingarten wrote in the Daily News on March 28, «These myths not only misrepresent the problems, they stand in the way of finding realistic solutions.»

It gets worse for the city's municipal unions, as Judge Rhodes put city workers» pensions on the potential chopping block: In -LSB-...]

Then, Cross was caught sponsoring a new way to oversee municipal pensions for Chicago and Cook County workers.

Starting in 2016 Virginia will require social workers, teachers, and other municipal employees to pay 5 percent of their salaries into their pension plans.

The Ontario Municipal Employees Retirement System (OMERS) is one of those big pension funds you hear about, providing sweet defined benefit pensions to government workers, and buying up companies and assets to help fund those pensions.