Sentences with phrase «new public employee pension»

«CSEA has no hesitation in saying that the proposal for a new public employee pension tier is an assault on the middle class and a cheap shot at public employees.

Not exact matches

State and local employees» contributions to the two largest pension systems increased by 10 %, from 5 % to 5.5 % of their annual salaries and increased the retirement benefit age for new public employees, from 55 to 60 years.

Legislators in New Jersey and teachers in Florida are now calling for public employee pension funds to sell their shares of firearms companies.

Upper - class individuals will obviously benefit from the new limit, but the new measure is also designed for public service employees and teachers with defined benefit pensions and contributions they rely on.

Cuomo did call for some things that will be unpopular with public employee unions (freezing pay, creating a Tier VI in the pension fund, reducing the size of state government — a move that will undoubtedly necessitate job cuts, but he makes no mention of that I can find in «The New NY Agenda: A Plan for Action»).

State Senate Democrats have reaped $ 85,000 in election - year campaign contributions from the state teachers union since they skipped last month's vote to cut pension benefits for new teachers and other public employees.

New York Governor Andrew Cuomo previously has said he planned to halt future fossil fuel investments in the state's public employee pension fund.

What: Forced out of office in 2006 for trading access to New York's $ 124 billion public employee pension fund for $ 1 million in benefits — including campaign contributions and luxury trips to Israel and Italy.

What: Forced out of office in 2006 for trading access to New York's $ 124 billion public employee pension fund for $ 1 million in benefits — including campaign

In 2012, he pushed to reduce pension benefits for new public employees in exchange for allowing legislators to draw their own district lines, breaking a campaign promise to reformers and helping Republicans retain their grip on power in the state Senate.

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

But rather than suggest that supporters donate money or warm clothing directly to OWS, the WFP — which has done its best to bleed city residents dry with high taxes and runaway public - employee pension benefits — told the e-mail's recipients that «just $ 5 a month supports our fight for a better New York.»

Whether it's been attacking public employee pensions, refusing to help New York's unemployed workers, or failing to stand up to the Governor when he shut down hundreds of construction jobs, there is a long line of broken promises and actions in the Senate that have targeted the labor movement.

Cuomo has been at odds with public workers on several fronts, pushing for a cap on local property tax increases and reducing pensions for new employees.

«For instance, the proposal for a new state pension Tier 6 with dramatically reduced benefits and increased employee costs is called a reform, but would be very destructive to public service.

New York City Mayor Michael Bloomberg, seeking to avoid future budget gaps, wants to slash a $ 12,000 pension bonus paid each year to police and firefighter retirees, but public - employee unions have vowed to fight.

Reforming the state's pension plan for new employees will put our costs in line with other states across the nation and preserve the invaluable services, like education and public safety, that make New York the best place to live, do business and raise a family.&raqnew employees will put our costs in line with other states across the nation and preserve the invaluable services, like education and public safety, that make New York the best place to live, do business and raise a family.&raqNew York the best place to live, do business and raise a family.»

Public employee unions were angry with the governor for reducing pensions benefits for new workers, and teachers were upset over a property tax cap, which impacts school budgets, and test - based evaluations.

«Stripping pensions from legislators - as well as any state employee - convicted of a crime related to their public jobs is an issue that has the overwhelming support of New Yorkers,» Greenberg said.

He was elected in 2010 as a «new Democrat» who married centrist economic policies — a cap on property tax increases, business tax cuts, a reduction in pension benefits for new public employees — with liberal social policies like strict gun control and support for same - sex marriage.

In a major blow to Gov. Chris Christie that complicates his 2016 ambitions, a New Jersey judge ruled that he violated state law when he declined to make the full payment into the state's pension system for public employees last year and ordered him to find a way to fund it now.

But early on as governor he was at odds with public - sector labor groups, including public employee unions he battled over contract renewals as well as a new, less generous pension tier during his first term.

The conference plans to back measures that would strip public employees convicted on corruption charges of their pensions, as well as new regulations for the use of campaign funds.

How is Andrew Cuomo going to cut the public employee union pension deals that are bankrupting New York State?

New Yorkers also oppose (56 - 37) reducing pension benefits for public employees, despite the fact that experts like the Empire Center's EJ McMahon have warned the state is headed for a serious fiscal mess if generous taxpayer - funded benefits packages aren't scaled back soon.

New York City's biggest public employee pension fund is poised to vote today to begin pulling its investments from hedge funds, the latest move by a large pension plan to scrap an investment path that once promised big returns.

The governor was criticized for using messages of necessity, long a staple of backroom deal - making at the Capitol, when he brokered agreements to reduce pension benefits for new public employees and change legislative district lines.

Public pensions are being tightened in other states across the country where government employees, as in New York, receive far more generous retirement benefits than most private employees; many companies are eliminating pensions altogether.

The resulting Committee to Save New York rapidly became the state's biggest single lobbyist, raising and spending at least $ 15 million and running TV and radio ads that backed Cuomo's (ultimately successful) proposals for capping local property taxes and reducing the cost of public - employee pensions.

Cuomo credits the budget, as well as agreements approved in mid-March, for implementing new teacher evaluations, pension changes that create a new tier of lowered benefits for public employees, and helping local governments with Medicaid costs.

Issues include: increasing the tax on health insurance; attacking public employee pensions by creating a new Tier V; and supporting an irresponsible property tax cap.

Senate Republicans have been supportive of Cuomo's plans to bring down future public pensions costs, including a 401k option for new employees, but Assembly Democrats have not agreed.

Oneida County Executive Anthony J. Picente, Jr. today joined Gov. Andrew Cuomo at the signing of the legislation to reform New York's pension system and create a new Tier VI for newly hired public employeNew York's pension system and create a new Tier VI for newly hired public employenew Tier VI for newly hired public employees.

Traditional public employee pension programs in New York State have become unaffordable for taxpayers — while denying workers the ability to choose more flexible approaches to retirement planning.

However, the VDC plan also has several significant advantages: members vest in a year, compared to 10 years years for any current DB pension plan; they can control their own investment profile with the advice of experts; and the DC plan is portable, meaning it follows employees when they change jobs in the public or private sectors, in or out of New York.

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.

This is hardly surprising, but it's also worth noting that the WFP has agreed to embrace Cuomo's «New NY Agenda» — a condition laid out by the AG in order for him to accept the party's nod — which includes a property tax cap, creation of another pension tier and a wage freeze for public employees, among other proposals of which many unions (mostly the progressive and public sector types) aren't fond.

That's why the Governor has called for changes in the public pension system for new employees.

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 demanNew 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 demannew pension tier that will do nothing to help the state or local governments deal with their current budget demands.

ALBANY, NY (03/13/2012)(readMedia)-- Busloads of state employees represented by the New York State Public Employees Federation (PEF) will rally at noon Thursday, March 15, in Albany's West Capitol Park to call on state legislators to hold the line against the governor's attacks on state services and employees represented by the New York State Public Employees Federation (PEF) will rally at noon Thursday, March 15, in Albany's West Capitol Park to call on state legislators to hold the line against the governor's attacks on state services and Employees Federation (PEF) will rally at noon Thursday, March 15, in Albany's West Capitol Park to call on state legislators to hold the line against the governor's attacks on state services and pensions.

The new law allows judges to cut off pensions to government employees whose convictions had a «direct and actual relationship to the performance of the public officer's existing duties.»

He described the new pension deal for state employees as «a proper reward for a lifetime's commitment to serving the public» — yet to get the same reward, a private sector worker would have to pay a third of their salary into their pension pot.

In a new report released yesterday by the institute's Empire Center, we find that pension contributions will skyrocket over the next several years, because the state's pension funds made risky bets in the stock market and lost — leaving taxpayers, not public employees, to pay the bill.

ALBANY, NY (02/13/2012)(readMedia)-- The New York State Public Employees Federation (PEF) today commended State Comptroller Tom DiNapoli for his stand in favor of a secure pension fund for public woPublic Employees Federation (PEF) today commended State Comptroller Tom DiNapoli for his stand in favor of a secure pension fund for public wopublic workers.

Unlike New York City's public employee pension, which voted to exit its hedge fund portfolio, the state pension isn't planning to yank its money from hedge funds, Fuller said.

The governor will likely also reveal details of a proposed new pension program for new public employees, another person familiar with plans said.

Michael Mulgrew, president of the UFT, said: «The pension and retirement funds of New York State educators, public employees and unionists should avoid investing in private equity funds, such as New Mountain Capital or other private equity funds, that maximize profits by denying the most fundamental rights of workers.

There are a lot of misconceptions about New York's public employee pension systems.

WHEREAS the private equity funds established and managed by Steven Klinsky, preeminently New Mountain Capital, solicit major investments from teacher retirement and pension funds, public employee retirement and pension funds, union retirement and pension funds and other retirement and pension funds from the not - for - profit sector; and

Before being escorted off the property by hotel staff, the protesters handed out fliers stating their opposition to the Committee to Save New York, a group of business leaders formed in support of Gov. Andrew Cuomo's campaign to oppose tax increases, reduce the size of government and reform Medicaid and pensions for public employees.