Sentences with phrase «pension bill by»

In 2012, DiNapoli directed the retirement system to give employers access to a full projection of their annual pension bill by September 1, six weeks earlier than in previous years.

The government is aiming to reduce its pension bill by # 1.2 billion next year and thus public sector workers face increases of up to 2.4 % in their contributions.

An amendment to allow lump sum NI payments was introduced to the pensions bill by Baroness Hollis and received provisional government support.

Not exact matches

The average Chicago property tax bill is going up about 10 percent this year following City Hall and Chicago Public Schools tax hikes to pay for police, fire and teacher pensions, according to calculations released Tuesday by the Cook County clerk's office.

But to the extent that it ignores the finger Lincoln points at the Civil War — to the extent that it forgets the decimation of a generation of young Americans at the beginnings of manhood; to the extent that it forgets the windrows of corpses at Shiloh, the odor of death in the Wilderness, the walking skeletons of Andersonville, 623,000 dead all told, not to mention the interminable list of those crippled, orphaned, and widowed whose pensions became the single largest bill paid by the federal government for the following half - century; to the extent that it ignores how the war cost the United States $ 6.6 billion, rocketed the national debt from $ 65 million to $ 2.7 billion, retarded commodity growth for the next thirty years, and devalued its currency — then the call for reparations opens itself up to a charge of willful forgetfulness so massive that resentment, anger, and bitterness, rather than justice, will (I fear) be its real legacy.

«Bill Larkin and John Bonacic should be ashamed of themselves for bilking taxpayers out of hundreds of thousands of dollars by claiming both a regular salary and pension at the same time,» Orange County Democratic Chairman Brett Broge said.

Specifically, the legislature could put the pension changes favored by the Governor into a larger bill that is of statewide significance.

«Anyone with even a basic understanding of finance — or even arithmetic — can see that our current pension system is unsustainable,» Wilson said in a statement forwarded to me by his erstwhile campaign manager, GOP consultant Bill O'Reilly.

This bill would undermine that balance by potentially exposing hard - earned pension savings to the increased risk and higher fees frequently associated with the class of investment assets permissible under this bill.

The latest round of increases in state and local pension bills, announced by the comptroller on Aug. 31, will only add to the pressure on localities.

A bill expanding the share of New York public pension funds that can be invested in complex, high - risk alternative assets such as private equity and hedge funds has been vetoed by Governor Andrew Cuomo.

Assemblyman also driving force behind passage of constitutional amendment on November ballot to save taxpayers $ 53 million by going digital at State Capitol and stop wasting paper; notes passage of bill he co-sponsored to extend state pension benefits to veterans

Former prime minister Gordon Brown said in April 2014 that Scotland had an above - average share of the public - sector pension bill and concluded that pensions would be protected by sharing risks and resources within the UK.

The bill allowing all veterans to buy added pension time was vetoed by Cuomo last year because, notwithstanding a clause in the governor's Tier 6 pension reform, it failed to appropriate money to cover the projected state and local government share of the «past service» catch - up cost of the measure.

The ethics bill was the latest attempt by Cuomo and legislators to respond to the wave of investigations, arrests and convictions that have tainted state government for nearly a decade, starting with the arrest of former state Comptroller Alan Hevesi in a probe that revealed state pension fund bribes and kickbacks.

The state pension bill is due to rise from 5.6 % of GDP in 2016/17 and the price of the system is set to rise by # 40 billion over the next 50 years.

Mayor Bill de Blasio announced a tentative agreement on Thursday with the New York City firefighters» union for a seven - year labor pact that includes retroactive raises for firefighters, new disability pension protections and increased staffing for 20 of the Fire Department's roughly 200 engine companies by 2019.

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.

«I am worried by the idea that by the mid part of this century, asking people to retire at 70 — incidentally, the age intended by Lloyd George in his great Act of 1908 — will be seen as the way to fix this problem, because we may not correct everything that we hope to correct just by increasing the state pension age and doing everything contained in this excellent Bill.

Citing stances the Senators have taken detrimental to the cause of working people, the flyers highlight: Protecting a failed tax system that favors the privileged at the expense of working people; increasing the tax on health insurance; siding with big corporations and against teachers and students to pass a Charter School Bill - with no real reform; creating a new Tier V pension; and attacking education by supporting an irresponsible property tax cap.

Westchester County Executive Rob Astorino, a Republican, said that without reform, his county's pension bill will rise to $ 163 million by 2015 — roughly a third of its current tax levy.

New York City Mayor Bill de Blasio said Monday his administration had reached disability pension agreements with three municipal unions, deals that raised the amount of money received by employees who are injured on the job.

Whether the bill, carried by Sen. Tom Croci (R - Sayville), would affect school superintendents like Frank Tassone, who looted the Roslyn school district of $ 2.2 million but still receives his $ 175,295 state pension, is open to interpretation by the courts.

The Bill amends the current state pension age timetable to equalise men's and women's state pension ages at 65 in 2018 and then progressively to increase the state pension age to 66 by 2020.

ALBANY — The annual tradition in the State Legislature of proposing «sweeteners» to state pensions for workers and retirees represented by politically powerful unions has produced 120 bills so far worth hundreds of millions of dollars in benefits, according to the independent Citizens Budget Commission.

A meeting of black leaders was convened last weekend in Mt. Vernon by the Rev. Al Sharpton and attended by people like former state Comptroller H. Carl McCall (Cuomo's primary opponent in 2002), political consultants Bill Lynch and Roberto Ramirez (who got caught up in Cuomo's pension fund pay - to - play probe), Sen. Ruth Hassell - Thompson, Senate President Malcolm Smith, Rep. Greg Meeks and the NAACP's Hazel Dukes.

Suffolk faces a pension tab of nearly $ 180 million payable by next February, a 30 - percent increase over this year's bill.

Cuomo, as attorney general, did eventually give DiNapoli a clean bill of health by clearing him of any wrongdoing in the «pay to play» pension fund scandal that had sent Hevesi to prison, but his unease with the fellow Democrat never went away.

Pension bills passed by the legislature are a major reason the $ 8 Billion figure is that high.

The pensions bill is due to be published next week and will set out plans for upping the retirement age to 68 by 2046 and restoring the earnings link with the state pension.

Among a handful of so - called «pension sweeteners» passed in the final days of the 2014 session by both houses of the Legislature was a bill that would be the first rollback of Tier 6 — a pension reform championed and touted by the Cuomo administration.

The Patrolmen's Benevolent Association, which represents about 24,000 cops, hired the consulting firm Tusk Strategies (run by Bradley Tusk, 2009 campaign manager for ex-NYC Mayor Mike Bloomberg) to take on Mayor Bill de Blasio over raises and pensions for city cops in the future.

The proposed cuts laid out by Mr Osborne include # 2bn from the pensions bill, # 2.5 bn from NHS, # 1.2 bn from defence and # 1.15 bn from schools.

Asked to explain the apparent lack of a costing, a Treasury spokesman told FactCheck that a regulatory impact assessment published by the government on 29 November 2006 along with the Pensions Bill estimated the cost of uprating the basic state pension in line with earnings.

Cuomo's veto message on Friday said the bill would create $ 57 million in «near - term commitments» for local governments by failing to establish a state funding stream for the added pension time.

A government ethics reform bill, jointly passed by the state Legislature Monday for a second time, amends the state constitution and allows the state to reduce or revoke the pension of a public officer that has been convicted of a crime related to his or her official duties.

The bill, sponsored by Senator Bill Larkin and Assemblywoman Amy Paulin, would have allowed veterans who served during peacetime to purchase up to three years of extra pension credit at a greatly discounted prbill, sponsored by Senator Bill Larkin and Assemblywoman Amy Paulin, would have allowed veterans who served during peacetime to purchase up to three years of extra pension credit at a greatly discounted prBill Larkin and Assemblywoman Amy Paulin, would have allowed veterans who served during peacetime to purchase up to three years of extra pension credit at a greatly discounted price.

«What the public is hungry for, post Shelly Silver, is ethics reform — specifically, the pension forfeiture bill that was agreed to last year and promptly reneged on by the Assembly,» said Rich Azzopardi, a spokesman for the Democratic governor.

As noted here, the bill was one of several pension sweeteners passed by huge margins (57 - 4 in Senate, 133 - 1 in Assembly) in the final days of the legislative session in June.

Beyond the immediately affected group of veterans, the veto sends an encouraging signal that Cuomo will take a hard line against other pension sweeteners passed by the Legislature this year — including a bill, not yet sent to the governor's desk, resurrecting early retirement for uniformed court officers hired since 2012.

Five somewhat less sweeping pension sweetener bills passed by both houses of the Legislature are summarized on the Citizens Budget Commission scorecard.

«Rather than reflecting any merit in the bill,» NYSSBA wrote to Governor Hugh L. Carey, «the Legislature's approval was manifestly its way of appeasing public employee unions angered by Executive and Legislative rejection of their protracted and expensive campaign» to repeal pension reforms enacted in 1976.

After holding it for four months, the state Senate has just sent Governor Andrew Cuomo a bill that would add hundreds of millions of dollars * to state and local pension costs by allowing public employees to claim pension service credit for time spent in peacetime military duty.

In fact, he largely strayed away from criticizing Stringer's record in arguably the most important aspect of the job, instead pivoting to the city's increased operating budget, though he did say the growing public personnel — which has increased dramatically under Mayor Bill de Blasio — has had a negative impact on the city's pension system by increasing obligations.

That this House declines to give a Second Reading to the Welfare Benefits Up - rating Bill because it fails to address the reasons why the cost of benefits is exceeding the Government's plans; notes that the Resolution Foundation has calculated that 68 per cent of households affected by these measures are in work and that figures from the Institute for Fiscal Studies show that all the measures announced in the Autumn Statement, including those in the Bill, will mean a single - earner family with children on average will be # 534 worse off by 2015; further notes that the Bill does not include anything to remedy the deficiencies in the Government's work programme or the slipped timetable for universal credit; believes that a comprehensive plan to reduce the benefits bill must include measures to create economic growth and help the 129,400 adults over the age of 25 out of work for 24 months or more, but that the Bill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000 a yBill because it fails to address the reasons why the cost of benefits is exceeding the Government's plans; notes that the Resolution Foundation has calculated that 68 per cent of households affected by these measures are in work and that figures from the Institute for Fiscal Studies show that all the measures announced in the Autumn Statement, including those in the Bill, will mean a single - earner family with children on average will be # 534 worse off by 2015; further notes that the Bill does not include anything to remedy the deficiencies in the Government's work programme or the slipped timetable for universal credit; believes that a comprehensive plan to reduce the benefits bill must include measures to create economic growth and help the 129,400 adults over the age of 25 out of work for 24 months or more, but that the Bill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000 a yBill, will mean a single - earner family with children on average will be # 534 worse off by 2015; further notes that the Bill does not include anything to remedy the deficiencies in the Government's work programme or the slipped timetable for universal credit; believes that a comprehensive plan to reduce the benefits bill must include measures to create economic growth and help the 129,400 adults over the age of 25 out of work for 24 months or more, but that the Bill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000 a yBill does not include anything to remedy the deficiencies in the Government's work programme or the slipped timetable for universal credit; believes that a comprehensive plan to reduce the benefits bill must include measures to create economic growth and help the 129,400 adults over the age of 25 out of work for 24 months or more, but that the Bill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000 a ybill must include measures to create economic growth and help the 129,400 adults over the age of 25 out of work for 24 months or more, but that the Bill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000 a yBill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000 a yBill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000 a yBill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000 a year.

An effort by GOP Sen. Lamar Alexander and Democratic Sen. Patty Murray, who lead the Senate Health, Education, Labor and Pensions Committee, has been put on hold since the Graham - Cassidy bill emerged.

Department for Work and Pensions assessment released before Commons debate as welfare bill passed by majority of 56

Even If the pension stripping bill is passed this year by both houses, the Legislature would have to pass it again in 2017 before voters could vote on the constitutional amendment.

That particular bill would allow future lawmakers to determine, by amending statute, exactly which types of public employees — teachers, cops and firefighters are currently exempt — might lose their pension if convicted of a felony related to their job.

The argument against the BOL's suggested use of $ 11 million from the fund balance — that it imperils the County's AAA bond rating — is a smokescreen for reckless budget cuts, said Jenkins, who noted that the Astorino Administration already used millions from the fund balance this year to pay a pension bill and has notified the BOL that it will need an additional $ 8.8 million from the fund balance by the end of December to «even out» the 2012 books.