Sentences with phrase «new pension tier»

Despite strong investment returns and two new pension tiers in less than three years, these rates will likely continue to increase in the near future.

The people upset with Cuomo in New York watch Chris Hayes, they protest fracking and the demonstrate against new pension tiers.

More than two - thirds of voters support Cuomo's push for a new pension tier for future government employees and more than 70 percent endorsed his plan to link school aid increases to the adoption of an enhanced teacher evaluation process.

The Senate leader predicts that the budget will once again be on time, and that the legislature will ultimately approve Cuomo's proposal for a new pension tier with fewer benefits for future workers.

The new pension tier is part of Cuomo's budget proposal.

Despite low approval ratings, Paterson managed to impose budget cuts, increase oversight for New York's authorities and create a new pension tier for incoming state workers.

Thanks to a new pension tier enacted in Albany, the city's pension contribution is expected to decline, from $ 8.1 billion in 2014 to $ 8 billion in 2015.

When he had the chance to increase disability benefits three years ago, as part of his 2012 legislation to create a new pension tier called «Tier VI,» he instead maintained cuts that were put in place during the economic downturn in 2009 by his predecessor, David Paterson.

The governor told the county officials that they would have to help him do the lobbying for the new pension tier.

Cuomo also said in his State of the State message that he intends to propose a new pension Tier VI for future workers that offers fewer benefits.

``... The NYSPFFA and PCNY call on the MRRT to continue its discussions and focus on recommendations which, unlike the creation of a new pension Tier, would result in immediate savings to the State and its local governments.»

For fiscal watchdogs, the so - called pension sweeteners can be problematic: chipping away at savings achieved in new pension tiers that were approved as a way to save the state money in the long - term.

-- A new pension tier based on a defined contribution similar to a 401K plan.

Granted, Cuomo has found ways in his first four years to win major victories outside of the budget: Same - sex marriage, gun control, tax reform, a new pension tier and previous ethics victories just to name a few.

It also begs the question: Why do middle class working men and women, particularly public employees, continue to be targeted for sacrifice, in light of the fact that a new pension tier, Tier V, was signed into law less than two years ago.»

Bloomberg specifically mentioned his support for a new pension tier for future employees that Cuomo offered up last week in his budget address, both in his own city and across the state, calling the current growth «unsustainable.»

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

Despite low approval ratings, Paterson imposed budget cuts, increased oversight for New York's authorities and created a new pension tier for incoming state workers.

Briccetti says the business lobby gave high grades for the adoption of a state property tax cap, a new pension tier for public workers, and two years of austere state budgets.

The governor, who says 90 % of his agenda was already accomplished during the budget season, including a new pension tier for public workers and DNA data base expansion, seemed more fatalistic about the success of the remaining items on the list.

Cuomo was criticized during an all - night session in mid-March for issuing special messages of necessity to allow the Senate and Assembly to pass bills as soon as deals were struck on topics like a new pension tier for public workers, and redistricting lines.

In addition to closing the deficit without jacking taxes, Cuomo is angling to rein in crippling pension costs by pushing for a new pension tier to reduce future retiree costs.

The governor's proposal calls for another new pension tier that will do little, if anything, to affect the 2012 - 13 state budget.

Republican candidate for governor Rob Astorino on Friday blasted the compromise of 2012 that created a new pension tier, saying he would support a plan that would move toward a defined contribution system.

Earlier today, CSNY filed a report with the Joint Commission on Public Ethics showing it had spent $ 4 million in March and April backing Cuomo's spending plan and the new pension tier.

During an all night session, the governor issued special messages to rush through other parts of a larger deal to create a new pension tier and expand the state's DNA database.

Governor Cuomo has threatened that he won't accept any spending plan from the legislature that does not include a new pension tier for future state workers.

Governor Cuomo pulled back a bit from his plan to offer, for the first time, a 401k style option for newly hired public workers, saying he's «flexible» on it, but the governor does say he's not bending on the need for a new pension tier with lowered benefits that produces «maximum amount of savings».

He won approval last year for a new pension tier that lowered benefits for newly hired employees.

Canestrari points out that lawmakers just approved a new pension tier with lowered state benefits less than two years ago, and it might be better to measure the effects of that change, first.

Cuomo, the Democratic Party's gubernatorial candidate, has also proposed yet another new pension tier to further reduce costs.

Senate Deputy Majority Leader Tom Libous told union members the Senate wants to crack down on pension abuse, but he did not mention Governor Cuomo's plan for a new pension tier with reduced benefits and the option of a 401k style plan.

In addition to the convention center plan, the Governor introduced a range of policy proposals building on his legislative success in 2011, including the creation of a new pension tier for new state employees and an expected push to legalize gambling in the state.

Democrats in the Senate were so angry that they boycotted voting on the redistricting plan, as well as the governor's bill to create a new pension tier for public workers in an all - night session in mid-March.

Cuomo said at a news conference today that he was unwilling to bend on removing the new pension tier, known as Tier Six, from his budget.

Cuomo also reaffirmed his call to reform public pensions through creation of a new pension tier.

And spokesman Rich Azzopardi says Cuomo has already created a new pension tier for retired workers with reduced benefits and taken over the costs for the growth of Medicaid.

The governor was reminded by a top aid that he and the legislature approved a new pension tier, so that future workers will receive fewer benefits, saving the state, as well as local governments, billions of dollars in costs in coming decades.

Last year the union accepted a new pension tier that would give new teachers lower benefits than their predecessors and found themselves with wage freeze that prevented lay offs.

ALBANY, NY (03/15/2012)(readMedia)-- «Speaking today for the 54,000 members of the New York State Public Employees Federation (PEF), we are appalled that state legislators finally broke last night and gave in to the governor's relentless demand for a new pension tier that will do nothing to help the state or local governments deal with their current budget demands.

She says the business lobby gave high grades for the adoption of a property tax cap, a new pension tier for public workers, and two years of austere state budgets.

Budget Director Megna, at the forum, says the Administration has already enacted a new pension tier for future public workers and curbed the spiraling growth in Medicaid spending.

This new pension tier means any new hires the state attracts must work harder and longer for a retirement that's significantly less secure than those of their more senior coworkers.

Cuomo did not mention anyone by name, but Senator Grisanti's Democratic opponent, Michael Amodeo has said he's against the property tax cap, as well as a new pension tier enacted by Cuomo and the legislature.

«Not one of our members today will be in this new pension tier, but they all understand how it will undermine the high standards they work so hard to uphold throughout state service.

The plan, as introduced by Gov. Andrew Cuomo, would create a new pension tier for future public - sector workers and save $ 83 billion over 30 years for municipalities outside of New York City.

There: Prohibit new unfunded mandates, «avoid the Wicks requirement by removing barriers to project labor agreements; improve the Wicks waiver,» require independent cost analysis of mandates, create a new pension tier, more flexibility to local governments to administer existing mandates.

He says he questions the claims by Cuomo and lawmakers that the new pension tier will save $ 80 billion dollars in future decades, saying there are «a lot of ifs» in that assumption.

The call for reforming the Martin Act comes amidst a proposal to create a new pension tier in the retirement system, which would reduce pensions for new employees of state and local governments.