Sentences with phrase «of public employee pensions»

However, voters are fed up with the union's attempts to keep a failing public education system from being reformed and having massive debt foisted on them in the form of public employee pensions.

«CSEA is offended by the recommendation on mandating public employees» share of health insurance coverage and the proposal to undermine the integrity of the public employee pension system,» said CSEA President Danny Donohue.

Hyping the difficulty of public employee pension funds is one of the few growth industries in the current economy.

Rising costs of public employee pension plans are a source of fiscal stress in many cities and states and have led to calls for reform.

Not exact matches

Blackstone Capital Partners VI attracted some of the world's largest private - equity investors, including the California Public Employees» Retirement System and the Canada Pension Plan Investment Board, according to disclosures by the pensionPension Plan Investment Board, according to disclosures by the pensionpension funds.

Resnick noted that Oregon's public employee pension fund lowered its assumed rate of return this summer from 7.75 percent to 7.5 percent.

Given Osiris's strong five - year record of growth and profitability, Bowers was able to help make Miller's wishes come true: he structured a deal that raised $ 13 million from a large local pension fund — the Pennsylvania Public School Employees Retirement System (see «What Pension Funds Want,» [Article link]-RRB--- by selling a package of subordinated debt and convertible preferred stock, which included a fixed interest rate and dividendpension fund — the Pennsylvania Public School Employees Retirement System (see «What Pension Funds Want,» [Article link]-RRB--- by selling a package of subordinated debt and convertible preferred stock, which included a fixed interest rate and dividendPension Funds Want,» [Article link]-RRB--- by selling a package of subordinated debt and convertible preferred stock, which included a fixed interest rate and dividend yield.

Other top pension PE players over the same period were the Teacher Retirement System of Texas (15.5 percent); the Houston Firefighters» Relief and Retirement Fund (13.6 percent); the Minnesota State Board of Investment (14.4 percent); and the Iowa Public Employees» Retirement System (14.1 percent).

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.

The contribution agreements apply to the Colleges of Applied Arts and Technology Pension Plan, Healthcare of Ontario Pension Plan, Ontario Public Service Employees Union Pension Plan, and Ontario Teachers» Pension Plan.

The Firefighters» Pension System of the City of Kansas City, Missouri, Trust, 414 East 12th Street, Kansas City, MO 64106, which held 100 shares of our common stock on November 7, 2008; along with the following co-filers: Miami Fire Fighters» Relief and Pension Fund, 2980 N.W. South River Drive, Miami, FL 33125 - 1146, which held 10,785 shares of our common stock on November 8, 2008; and the City of Philadelphia Public Employees Retirement System, Two Penn Center Plaza, 16th Floor,

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

The reality of the pension crisis was underlined again last week when the board of the largest $ 330 + billion US public pension plan, California Public Employees Retirement System (CalLPERS), voted to shorten its period for amortizing future investment losses from 30 years to 20 public pension plan, California Public Employees Retirement System (CalLPERS), voted to shorten its period for amortizing future investment losses from 30 years to 20 Public Employees Retirement System (CalLPERS), voted to shorten its period for amortizing future investment losses from 30 years to 20 years.

Eroding pension plans by shifting risk onto vulnerable employees and retirees with limited ability to absorb income cuts is quite in keeping with the Harper government's determination to lower the boom on public sector workers and improve the profitability of their corporate friends in the private sector.

Some folks have no pensions; some have a defined contribution plan, which depends on the market; others, including most public employees and more than half of the private - sector ones have a defined benefits plan — you get a guaranteed pension based upon years of service.

The size of Illinois» pension crisis requires even bolder pension reform that includes 401 (k)- style plans for public employees.

Speaking at a public meeting in which the Park District's $ 385 million budget was unveiled, Laurence Msall, president of the Civic Federation, said the tax watchdog group supported the district's restraint in not raising property taxes and increasing employee contributions to health care costs, but was troubled by the «pension holiday.»

Additionally, the Public Sector Pensions Commission recently estimated that a huge 94 per cent of public sector employees are still on unsustainable defined benefit schemes, compared to just 11 per cent in the private sPublic Sector Pensions Commission recently estimated that a huge 94 per cent of public sector employees are still on unsustainable defined benefit schemes, compared to just 11 per cent in the private spublic sector employees are still on unsustainable defined benefit schemes, compared to just 11 per cent in the private sector.

We argued that there should be an increase of employee contributions to all unfunded public sector pension schemes by a third.

«I believe pension reform is in the best interest of the public employees,» Cuomo said.

Cuomo's press conference comes on the heels of a WSJ report by Jacob Gershman (subscription required) in which the AG called public employee pensions «disproportionate,» but stopped short of backing a plan to shift more of the cost — and risk — to workers.

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»).

Albert Teichman, Chief Assistant to Rice in her former position as Nassau County District Attorney, was accused of double - dipping in the state's public employee pension program.

With the city facing more budget cuts or even, as she suggested, «insolvency,» Miner was hoping for relief in an area where Albany is itself the prime culprit because of the exploding cost of pensions and benefits promised to public employees.

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.

Malliotakis» expressed view matches that of much of organized labor, opposing a convention on fears that it could result in weakening or eliminating the existing state constitution's prohibition on reducing public employee pensions.

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

That law allowed for the pensions of subsequently elected legislators to be taken after a criminal conviction, and defined «public official» in a way that also included rank - and - file state employees but excluded police officers, firefighters and teachers.

It's practically an annual tradition for state lawmakers at the end of the legislative session: approving bills designed to expand pension benefits for public employees.

In particular, he singled out the high cost property taxes and the main cost - driver, public employee pensions, taking issue with DiNapoli's office pointing to a record - high return for the fund at the end of the 2013 - 14 fiscal year.

The mayor unveiled a $ 47 million proposed bill that would call for Albany to increase disability benefits of «uniformed» public employees hired after 2009 by changing the payment formula, boosting cost - of - living adjustments and ending the policy of subtracting the workers» Social Security earnings from their pension checks.

To be sure, there are well - funded efforts advocating around the subject of a constitutional convention, including unions who fear that delegates might revise pension protections for public employees.

The Comptroller shall review all revenue estimates and expenditure estimates for Medicaid, public assistance and pension contributions and health care insurance costs for County employees to be used in the proposed tentative budget prepared by the County Executive and submit to the Legislature in writing by the 15th of October a report indicating whether or not such estimates are suitable estimates for the upcoming fiscal year.

The Senate President's motivation for the reform package of 2011 was to save the pension system from going under, to ensure that hard - working public employees received their pensions during retirement that they had been counting on throughout their careers.

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.

Seventy - seven percent of those polled said the pension stripping should apply to all state employees - not just elected officials - who are convicted of crimes that relate to their public jobs.

The database includes every public employer on the Island - from the Village of Baxter Estates in Nassau, which has one active employee in the pension system, to the Brentwood Union Free School District in Suffolk, the largest on Long Island, with 2,987 employees in the system.

Newsday has assembled a database of pension costs that reveals what public agencies on Long Island pay into three state pension systems - the Employees» Retirement System, the Police and Fire Retirement System, and the Teachers» Retirement System.

On or before the 1st day of October the County Executive shall submit to the Comptroller all revenue estimates and expenditure estimates for Medicaid, public assistance, and pension contributions and health care insurance costs for County employees to be used in the proposed budget.

A Siena Research Institute poll in May found 77 percent of voters wanted all state employees, including legislators, to be stripped of their public pensions when convicted of crimes related to their public jobs.

«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.

It would force public employees into a pension gamble that virtually guarantees a lower level of benefits.

Pensions of public employees are protected by the state constitution as property, even though Stevenson was not in the Assembly long enough to be vested.

Populist outrage is building over the state's historically untouchable public - employee unions, with their ever - expanding pensions and outdated culture of unfireable workers and overpaid bureaucrats.

«Isn't this part of a much bigger issue which is there is growing anger in what she calls the court of public opinion not just about the pension and renumeration of what are now public sector employees but about other public sector fat cats including senior civil servants and dare I say it ministers about their very lavish and generous pension?»

We need repeal of union give - aways like the Triborough Amendment which rigs union contracts and benefits, repeal of the Wicks Law which raises public construction costs, reform of binding arbitration rules affecting police and fire contracts, and movement toward defined contribution pension plans for public employees.»

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.

But the tone of everything seems to be that the problem is public employees and public pensions and it's a terrible place to be.»

According to McMahon, one of the key reforms of Tier 6 was to end early retirement for public employees, in which workers could retire as young as 55 after 30 years on the job and not see a reduction in their pensions.

The state investigation into the use of overtime to increase the pensions of public employees, started with great fanfare in 2010 when then - AG Cuomo was prepare to run for governor, has been dropped without so much as a report.