Sentences with phrase «of pension smoothing»

Mayor Stephanie Miner said the new estimate confirms her criticism of pension smoothing, a fixed - rate payment option Gov. Andrew Cuomo proposed a month ago in his budget.

Miner said officials from Cuomo's office and the budget division have promised to provide the city with detailed analyses of the pension smoothing option, so they can better analyze its impact.

Gov. Andrew Cuomo pushed back against the criticism of his pension smoothing proposal and took particular aim at Comptroller Tom DiNapoli's critique of the proposal in an interview with Fred Dicker on Talk - 1300 this morning.

After Miner went public with her criticism of the pension smoothing plan, a whole host of people have felt sufficiently comfortable (safe?)

Miner has been critical of the pension smoothing plan that Cuomo proposed in his initial budget plan that allows local governments to lock in stable rates now at the expense of future savings down the road.

Not exact matches

The state Legislature recently approved a «pension smoothing» program that allows municipalities to pay less now and more later, but Miner has been critical of the concept since Gov. Andrew Cuomo proposed a similar plan in January.

Our Karen DeWitt asked the Assembly leader if he was in favor of the «pension smoothing» plan outlined by the governor that will allow local governments to lock in a rate now to reduce current payments while defering a portion of the costs down the road.

But Syracuse Mayor Stephanie Miner says her skepticism of Cuomo's pension smoothing plan is an exaggeration of the press and that her relationship with the governor remains «professional.»

It's easy for you Mr. DiNapoli to say Pension Smoothing is an accounting gimmick that would leave pension funds exposed, but in the end it's likely the last window of opportunity that a City like Syracuse, NY had to get their house inPension Smoothing is an accounting gimmick that would leave pension funds exposed, but in the end it's likely the last window of opportunity that a City like Syracuse, NY had to get their house inpension funds exposed, but in the end it's likely the last window of opportunity that a City like Syracuse, NY had to get their house in order.

The governor's recent pension smoothing plan has made the strength of the pension fund a hot topic of late.

Miner and DiNapoli, Democrats both, have differed with Gov. Andrew Cuomo on a variety of issues (Miner was a state party co-chair, but openly challenged the governor on issues such as state aid to local governments and smoothing out pension costs).

Since then, she has co-chaired his transtition committee, become a NYPA trustee and been a staunch advocate for a number of his policies, including his controversial pension smoothing proposal that has caused so much friction between Cuomo and his hand - picked state Democratic Party co-chair, Syracuse Mayor Stephanie Miner.

Mark Assini, supervisor of the Monroe County town of Gates and a financial analyst, has crunched the numbers of Gov. Andrew Cuomo's pension smoothing proposal and come to the conclusion that, as he put it during a telephone interview this afternoon: «Stephanie is right; she is absolutely right to question this.»

«I am very sympathetic to smoothing out and reducing the contributions of municipal governments to the pension system if they are actuarially sound, if they make sense.

... That was lead of David Rubin's column in today's Syracuse Post-Standard, in which he sided with the city's mayor, Stephanie Miner, in her ongoing verbal battle with Gov. Andrew Cuomo over the governor's controversial pension smoothing proposal.

Cuomo declined to endorse in Miner's primary race following a year of very public disagreement over the governor's pension smoothing proposal.

Miner has been critical of a Cuomo proposal to allow pension smoothing.

Miner said she agrees with critics who have raised fears that pension smoothing could undercut the financial stability of the pension fund.

It is not a surprising development, given that Richards has been a strong supporter of the Cuomo administration, including Cuomo's push for pension reform that included the controversial smoothing proposal this year as well as gun control.

Lt. Gov. Bob Duffy, who has emerged as the leading defender of Gov. Andrew Cuomo's mandate relief proposals for struggling upstate cities, told Alan Chartock in an interview to air Friday that he would more than pleased with the pension smoothing proposal if he held his old job as the mayor of Rochester.

It's especially important now for the Cuomo administration to have Duffy defending the pension smoothing plan as Syracuse Stephanie Miner, the state Democratic Party co-chairwoman, is opnely skepitcal of it.

A written statement from the Department of Work and Pensions said the «safe and smooth delivery» of the new system would «take precedence over meeting specific timings».

That would have the effect of smoothing out pension benefit accrual and making them fairer to younger workers (pension formulas currently value years of service earned closer to retirement than those earned further in the past).

Figure 2 contrasts with the relatively smooth accrual that would occur with a cash balance pension plan (see our EFP paper for an explanation of this type of program, used by many large private employers and a few public employers).

Clearly, the accumulation of pension wealth is not smooth and steady, but rises with fits and starts after age 50, due to rules of eligibility for early retirement and the like.

It is possible to design DB plans that keep the investment risk with the employer, but allow smoother and fairer accrual of pension wealth for educators.

The authors (one of whom works at a foundation that funds some of Bellwether's pension work) call the alternative plan a «smooth - accrual defined benefit plan» or SA - DB.

A lesser man would be in prison now, but Geraci had smoothed things over by hand - delivering a cash donation to the pension fund of the International Brotherhood of Teamsters, whose men in Florida had performed like champs, and by paying a visit (and a sizable tribute) to the Stracci Family capo who controlled the docks in north Jersey.

The idea of the bridge benefit is to pay early retirees the equivalent of a typical CPP pension prior to age 65 so you'll get a smooth amount of income before and after you start collecting the government benefit.

Your clients include some of the world's most prestigious funds of funds, global investment banks, state government pensions, world leading private foundations, insurance companies, private equity - styled real estate funds and sovereign wealth funds; can you walk Lawyer Monthly through how you prepare yourself for these clients, to ensure the process is smooth for them?