Sentences with phrase «of skyrocketing pension costs»

Not exact matches

Taxpayers» share of city pension costs has skyrocketed more than 900 percent in the last decade — from $ 703.1 million in 2000 to $ 6.5 billion in 2009, according to the NYC comptroller's office.

Taxpayers» share of city pension costs has skyrocketed more than 900 percent in the last decade — from $ 703.1 million in 2000 to $ 6.5 billion in 2009, according to the city comptroller's annual reports.

Fact: The state paid ~ $ 850 million last year for pensions — .62 % of the overall budget — and that's in a year where the costs have skyrocketed from their usual average of around 3 % -4 % of salaries to 11.9 % of salaries.

Cuomo says his plan to reduce skyrocketing costs of pensions for state and local governments is a seminal issue for his administration.

But Mayor Michael Bloomberg, who has charged that skyrocketing pension costs are bankrupting the city, dismissed the findings — as well as Liu, who released the study as part of a larger effort to protect public workers» retirement benefits.

One of those tough decisions, says Miner, came two years ago, when she broke with the Cuomo administration, and refused to let the city take part in the governor's plan to reduce skyrocketing pension costs by letting municipalities pay them off over a long period of time.

I believe the one comment that districts seem to be okay with the revolving door of young teachers who only stay 1 - 5 years max, to keep costs down and avoid the skyrocketing retirement pension costs that we are now experiencing, that may jeopardize the six figure administrative salaries.

In Pennsylvania, Philadelphia Federation of Teachers president Jerry Jordan has long railed against using 401 (k) retirement plans for his union's members as a way to curb skyrocketing pension costs.