A battle
over pension reform threatens to derail the Pennsylvania state budget in the wake of a report which shows sharply rising retirement costs for school districts around the Keystone State.
The state's Comptroller, Tom DiNapoli, who has been at odds with Governor Cuomo
over pension reform, praised the governor and lawmakers for being conservative in their revenue estimates, and prudent, so far, in their spending plans.
The state Comptroller has largely sided with the unions in the fight
over a pension reform package approved in all night session March 15th.
This could mark the end of a contentious debate
over pension reform this year.
While the Cuomo - DiNapoli debate
over pension reform and budgetary powers may not rise to the level of «Real Housewives of Albany,» there is some personal history between the two.
Stephanie Miner, the Syracuse mayor who tangled with Cuomo earlier this year
over pension reform, is campaigning hard (while attracting some pushback from city employees upset with budget cuts).
Not exact matches
The Conservative government favoured PRPPs
over more intrusive proposals for
reform, such as expanding the Canada
Pension Plan.
Nor will continued gridlock
over healthcare, or failure to solve the public
pension problem or to
reform entitlement spending.
The defeat was the most serious setback for Prodi's nine - month - old coalition government, also deeply divided
over a host of domestic issues ranging from the budget,
pension reform and a bill giving legal recognition to gay and unwed couples.
They probably realise that a monstrous clash
over pensions isn't the best way to win teachers» sympathy to their academy
reforms.
«The consequence of the long - drawn - out negotiations
over the latest
reform appears to be little or no long - term saving to the taxpayer or reduction in generosity, on average, of
pensions for public service workers,» Carl Emmerson, deputy director of the IFS, said.
Whether it's
over NHS
reform, academies,
pensions or slashing government waste, no news report would be complete without a trade union general secretary reciting their well - rehearsed and predictable lines, attacking cuts and bankers.
Trade unions from across the public sector are warning Labour that there is «widespread anger and resentment»
over proposed
reforms to the public sector
pension schemes.
«A recent survey for the NASUWT of
over 37,000 teachers and headteachers found overwhelming opposition to the Coalition Government's proposed
pension reforms.
The property tax cap adopted last year, and this year's
pension reform, will produce benefits
over time.
Many of the welfare
reforms and reductions are likely to prove temporary as Iain Duncan Smith, the Work and
Pensions Secretary, is developing plans for a radical «universal credit» which will replace all out - of - work benefits
over the next decade.
The proposed
pension reform will not result in immediate savings, but the governor insists that the savings
over time will be worth the changes now.
He spoke out as sources at the civil service PCS union, which joined teachers on strike in June in a row
over the Government's
pension reforms, said its national executive had agreed to hold another one - day walkout in the autumn.
In his 2012 - 13 budget proposal this week, Gov. Andrew M. Cuomo raised the subject of
pension reform all
over again.
From the President who has refused to act on investigative reports submitted to him on grievous allegations of diverting
over a billion naira meant for resettlement of Internal Displaced Persons (IDPs) by the Secretary to the Government of the Federation, Babachir Lawal under the Presidential Initiative for the North East (PINE) and the miraculous discovery of 13billion naira in an apartment at Ikoyi, Lagos under the supervision of the Director of the Nigerian Intelligence Agency (NIA), Ayodele Oke, to the Head of Service of the Federation, Oyo - Ita Winifred Ekanem, who connived with others to reinstate into active duty and promote Abdulrasheed Maina, the former Chairman of the
Pension Reform Task Team, who allegedly stole over 6billion naira pension fund; the Chief of Staff to President Buhari now renamed the «Thief of Staff», Abba Kyari, who allegedly received a bribe of 500million naira to negotiate a fine reduction for MTN Nigeria, and has continuously been in the heart of every sharp practices in the Presidency; the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu who allegedly received a kickback of 3.8 billion naira in exchange for marginal oilfield using his brother, Dumebi Kachikwu as front; the Minister of Justice, Abubakar Malami, who was the brain behind the reinstatement of Abdulrasheed Maina; the Chief of Army Staff, General Tukur Buratai who during his time as the Director of Procurement at the Army Headquarters allegedly diverted funds meant to equip the Military into buying choice properties worth millions of dollar in Dubai; the Minister for Solid Minerals, Dr. Kayode Fayemi who allegedly embezled State Universal Education Board (SUBEB) funds as the Governor of Ekiti State; the Minister for Interior, Abdulrahman Bello Dambazau who was indicted by a Presidential investigative committee probing Arm procurement for awarding ghost contracts worth $ 930,500,690 with others while as the Chief of Army Staff between 2008 - 2010 and one of the brains behind the reinstatement of Abdulrasheed Maina; the Minister of Transportation, Rotimi Amaechi alleged to have stolent 142billion naira as the Governor of Rivers
Pension Reform Task Team, who allegedly stole
over 6billion naira
pension fund; the Chief of Staff to President Buhari now renamed the «Thief of Staff», Abba Kyari, who allegedly received a bribe of 500million naira to negotiate a fine reduction for MTN Nigeria, and has continuously been in the heart of every sharp practices in the Presidency; the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu who allegedly received a kickback of 3.8 billion naira in exchange for marginal oilfield using his brother, Dumebi Kachikwu as front; the Minister of Justice, Abubakar Malami, who was the brain behind the reinstatement of Abdulrasheed Maina; the Chief of Army Staff, General Tukur Buratai who during his time as the Director of Procurement at the Army Headquarters allegedly diverted funds meant to equip the Military into buying choice properties worth millions of dollar in Dubai; the Minister for Solid Minerals, Dr. Kayode Fayemi who allegedly embezled State Universal Education Board (SUBEB) funds as the Governor of Ekiti State; the Minister for Interior, Abdulrahman Bello Dambazau who was indicted by a Presidential investigative committee probing Arm procurement for awarding ghost contracts worth $ 930,500,690 with others while as the Chief of Army Staff between 2008 - 2010 and one of the brains behind the reinstatement of Abdulrasheed Maina; the Minister of Transportation, Rotimi Amaechi alleged to have stolent 142billion naira as the Governor of Rivers
pension fund; the Chief of Staff to President Buhari now renamed the «Thief of Staff», Abba Kyari, who allegedly received a bribe of 500million naira to negotiate a fine reduction for MTN Nigeria, and has continuously been in the heart of every sharp practices in the Presidency; the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu who allegedly received a kickback of 3.8 billion naira in exchange for marginal oilfield using his brother, Dumebi Kachikwu as front; the Minister of Justice, Abubakar Malami, who was the brain behind the reinstatement of Abdulrasheed Maina; the Chief of Army Staff, General Tukur Buratai who during his time as the Director of Procurement at the Army Headquarters allegedly diverted funds meant to equip the Military into buying choice properties worth millions of dollar in Dubai; the Minister for Solid Minerals, Dr. Kayode Fayemi who allegedly embezled State Universal Education Board (SUBEB) funds as the Governor of Ekiti State; the Minister for Interior, Abdulrahman Bello Dambazau who was indicted by a Presidential investigative committee probing Arm procurement for awarding ghost contracts worth $ 930,500,690 with others while as the Chief of Army Staff between 2008 - 2010 and one of the brains behind the reinstatement of Abdulrasheed Maina; the Minister of Transportation, Rotimi Amaechi alleged to have stolent 142billion naira as the Governor of Rivers State.
Several of his ethics
reform proposals were approved in the most recent state budget, including forcing legislators to reveal all outside sources of income
over $ 1,000 and the loss of
pension benefits for elected officials convicted of corruption.
The
pension «
reforms» proposed by the Cuomo administration and supported by the Committee would have increased fees earned by Wall Street firms behind the Committee from 200 % to
over 1000 %.
· Creating a
pension reform plan that will save state taxpayers and local governments outside New York City $ 83 billion, and will save New York City $ 30 billion
over the next 30 years; and
The governor admits he's already at odds with the Legislature
over redistricting and says his top priority for next year will be
pension reform.
He then went on to list all the
reforms he has instituted since taking
over the office in February 2007, adding: «The attorney general is doing his job, we're doing our job, and I'm confident that the
pension fund is managed in the approrpriate way.»
«Wall Street Harry Wilson is in favor of preserving the federal tax loophole that lets hedge fund managers pay less on their taxes than the rest of the state, wants to turn
over the
pension fund to the same Wall Street bankers that almost brought our economy to its knees, is against President Obama's Wall Street
reform bill AND wants to enforce a $ 2,500 tax hike on households outside of New York City in his first year if he was elected.»
Governor Cuomo and lawmakers are deliberating behind the scenes on their remaining disagreements
over the state budget, as unions and others expressed doubts about a recently approved
pension reform plan.
The governor also seems to conveniently forget that last year, CSEA came to an agreement on
pension reform that the governor claimed would save the state taxpayers more than $ 35 billion
over time.
Problems with the NHS and disputes
over education
reform have also led to major clashes between the leadership and the left of the party, while disputes
over pensions have also soured relationships with many unions.
Christie and Malloy have clashed repeatedly — and quite publicly —
over both personality and policy, particularly when it comes to negotiating with public employee unions,
pension reform and budgeting.
Passengers are being warned to avoid flying tomorrow as airports are dragged into the strike disruption
over public sector
pension reforms.
That finally changed this week, as we came together to put in place a bold
pension reform plan that will save taxpayers more than $ 80 billion
over the next three decades.
The Treasury is estimating it will raise # 4.6 bn
over the course of the parliament from its
pension reforms.
The embattled former chairman of the defunct
Pension Reform Task Team, Abdulrasheed Maina, had accused Falana of buying the building which was one of the properties he helped to seize from suspected pension thieves and handed over to the Economic and Financial Crimes Comm
Pension Reform Task Team, Abdulrasheed Maina, had accused Falana of buying the building which was one of the properties he helped to seize from suspected
pension thieves and handed over to the Economic and Financial Crimes Comm
pension thieves and handed
over to the Economic and Financial Crimes Commission.
He insists an ambitious programme of
reform can win
over ordinary voters, saying: «The real middle Britain — of insecure self - employment, rip - off private
pensions, unaffordable housing, mounting tuition fee debt and crisis - ridden social care — is crying out for a Labour government committed to fundamental
reform.»
The coalition has embarked on the most radical
reform of
pensions in a generation, aiming to give people more freedom and responsibility
over their retirement plans, and shake up the
pensions industry with more competition.
However, these
reforms will have little impact on the
pensions built up by teachers
over the course of their teaching career.
Governor Bruce Rauner's recent
pension bill would allow Chicago and other municipalities to file for bankruptcy, a mechanism which would allow the city to start
over, restructure its past debt, and
reform its
pensions plans (but even in this case, there would be obstacles around when Chicago could actually file because of the way the city reports its debt).
For more than a decade, debate
over reform of public
pensions — including teachers — has been in a rut.
Pension reform: top - paid administrators to take biggest hit Ed Source: The retirement age for new teachers will be pushed back two years; they'll have to fork
over about another 1 percent of their pay into the retirement system.
More generally, we demonstrate the utility of using structural retirement models to analyze fiscal and workforce effects of changes to public sector
pension plans, since the effects of
pension reforms cumulate
over many years.
Recent
reforms have further whittled away at
pensions by cutting benefits and imposing greater restrictions for new hires in an attempt to pay down liabilities accrued
over years of inadequate funding and poor returns in the stock market.