Sentences with phrase «of pension padding»

AG Andrew Cuomo called the practice of pension padding «chronic» and «unbearable,» adding: «It should have been stopped a long time ago.»

Not exact matches

According to a 2016 study by the Broadbent Institute, only half of Canadian couples aged 55 to 64 had an employer pension to share between them; of those lacking a pension, less than 20 % had saved enough to pad out government old - age payments.

The changes, which include changes to contribution caps and rules, transition to retirement and the pension transfer cap, have seen retirement savers rush to pad out their superannuation accounts with a surge in voluntary contributions ahead of the June cut - off.

Park board President Lorry Werhane has acknowledged that officials authorized large bonuses on top of salary hikes partly to pad pensions as a reward for a job well done.

Long Island was the focal point of AG Andrew Cuomo's pension padding investigations, which his GOP opponent, Rick Lazio, referenced in his slam on LG contender Bob Duffy for engaging in what Lazio deemed pension «double - dipping.»

So if the costs are higher for the DC plans, what is wrong with simply offering the DC plan side by side with Tier V if Tier V is tweaked to get rid of the ability to pension pad?

While at a news conference in the Manhattan on pension padding, the Democratic candidate for governor dismissed the calls for an investigation, saying he knew of no criminal action by the mosque.

But pension padding alone is big money: if just 5 percent of the workforce engaged in the practice, Mr. Cuomo estimates, it would cost the system $ 300 million extra over the next 20 years.

In response to a proposal from County Executive Joanie Mahoney to limit outside income for full - time elected officials, legislators let loose a flurry of their own proposals, including some that target issues like nepotism and pension padding.

He is expected to talk about his ongoing investigation into pension padding, the idea that public employees manipulate their salaries at the end of their careers to boost their pension benefits.

Government employees around the state — from commissioners to toll collectors to mechanics — are padding their lifelong pensions by working huge amounts of overtime right before they retire, Attorney General Andrew Cuomo reported yesterday.

-- End the practice of «padding» a pension using overtime pay late in service, unused vacation and certain sick leave.

It would also end early retirement, force employees to pay twice as much toward their pension, and end the «padding» of pensions through overtime pay, sick time and other means.

He said that term limits would prevent people from remaining in office simply to pad their pensions or to get health insurance and could result in the adoption of «meaningful things,» that often get passed over because people are worried about being re-elected.

These reforms will take major steps toward addressing instances of abuse and pension padding.

Again, keep some perspective: the average Civil Service Employee Association pension is $ 14,000; members of our association and most other participants do not double - dip or pad their pensions in any way.

Lawmakers in New Jersey are calling for major reforms in compensation practices for public school administrators in the wake of a scathing report that concludes that millions in taxpayer dollars were spent on lucrative contracts, hidden perks, and pension padding for dozens of superintendents and their top deputies.

But without a company pension of any kind, Marc is relying on himself and his own investment know - how to pad retirement savings for the couple.