The governor and legislative leaders have spoken
against pension cuts and other cost - cutting measures in the proposal.
Had these losses not occurred, local governments would not be experiencing short - term increases in employer costs, and misguided calls for
drastic pension cuts would not be occurring.
A so - called Grand Bargain taps into $ 816 million from foundations, the Detroit Institute of Arts and the state of Michigan to
ease pension cuts and protect city - owned art work from sale.
Because of
post-recession pension cuts, new teachers in Chicago were placed in a less - generous plan and will face negative net benefits for their first two decades of service.
The deal, agreed to on Monday after 17 hours of talks with eurozone leaders, contains tough conditions
including pension cuts, tax increases and the movement of public assets into a trust fund to pay for the recapitalisation of Greek banks.
Future spending cuts will include
additional pension cuts and tax increases for Greeks, already hit by seven years of harsh cuts.
Proposed pension cuts were the main topic, though plans to make it easier to relocate or fire public - sector workers (who currently enjoy guaranteed employment) were also on the table.
NEW YORK, April 18 - Puerto Rico's federally - appointed oversight board on Wednesday unveiled a framework for the bankrupt island's fiscal turnaround that breaks with Governor Ricardo Rossello's vision,
pushing pension cuts and labor reforms while hinting at layoffs.
Athens, facing a second bailout review entailing an unpopular loosening of labour laws in the autumn, is keen to show that painful tax rises and
pension cuts as part of its 86 - billion - euro bailout deal last year will bear fruit.
Thousands of Puerto Ricans are marching to
protest pension cuts, school closures and slow hurricane recovery efforts as anger grows across the U.S. territory over looming austerity measures.
It is not the right time for the government to ask the institutions not to implement the
planned pension cuts that will take effect in January 2019 and have already been voted in parliament, Finance Minister Euclid Tsakalotos said on Thursday.
Thousands of upstate retired Teamsters have dodged a
potential pension cut — at least for now — thanks to a recent decision by the federal government.
In this first package alone, the Greek government is obliged to implement tax increases and
pension cuts totalling approximately 2 % of GDP, while future austerity measures are expected to include, among others:
Thousands of teachers, lecturers and support staff will be visiting Parliament tomorrow (Wednesday, 26 October) to lobby their MPs
about pension cuts in the education sector.
The Greek government, elected early this year on a platform of ending years of austerity imposed by Germany and other lenders, is pushing back against
further pension cuts and higher taxes, saying they would further weaken an already crippled economy.
A so - called Grand Bargain taps in to $ 816 million from foundations, the DIA and the state of Michigan to
ease pension cuts and protect city - owned art work from sale.
Because of
post-recession pension cuts, new teachers were placed in a less - generous plan and will face negative net benefits for the first two decades of service.
The Chicago Teachers» Union recently released a report, titled «The Great Pension Caper», arguing
against pension cuts.
The New Jersey State Supreme Court on Tuesday reversed a lower court's rejection of Gov. Chris Christie «s
pension cuts, meaning he will not have to put more money into the state's pension fund.
But Greek authorities failed to investigate the data for potential tax evasion, sparking outrage at a time of severe salary and
pension cuts, and spiraling unemployment.
NEW YORK Puerto Rico's governor said on Sunday he would submit a revised fiscal turnaround plan on Thursday to the island's federally appointed oversight board, but the plan would not include labor reforms and
pension cuts the board demanded.
The retirement age,
pension cuts, privatizations and the government's intention to reinstate collective bargaining restrictions in the labor market are all areas where Greece and and its creditors remain far apart, the official said.
«I'm against
the pension cuts.
On the other hand, however, PM Samaras and his negotiators did present creditors substantiated counterarguments in response to nonsensical austerity measures that would only deepen the recession (cross-cutting public sector job and
pension cuts).
«After seeing tens of thousands of their colleagues thrown out of work, and having their pay and
pensions cut, civil servants are now being forced to fight to defend everything they rely on to manage their working lives.»
The union says the government's slash and burn approach to tackling the budget deficit will mean vital public services are axed, hundreds of thousands of public sector workers will be thrown out of work, and those that remain will have their pay and
pensions cut.
Half a million have had
their pensions cut.
· Restore Citizen Legislators Act (institute term limits, legislator pay and
pension cuts, and a shorter session)
Those on the lowest salaries, such as refuse collectors, could see their # 10,000
pensions cut to # 3,249.
Losing out: Bin men could see their # 10,000
pensions cut to # 3,249 Teachers retiring on a final salary of # 50,000, who would normally receive a pension of # 25,000, would see this whittled down to little more than # 7,000.
WAMC's David Guistina talks with Mike Spain of the Times Union about thousands of teamsters avoiding
a pension cut, the jury selection process in the trial of UAlbany students accused of making up allegations of being the targets of a racist attack on a CDTA bus, and the tragic story of a boat and the death of an eight - year - old girl.
Steve Lucas, a retired trucker from West Babylon who had
his pension cut, has criticized McCaffrey for working both the Teamster positions and legislative job.
In the past, Mr. Cuomo has waived the three - day at waiting period, including in March when he brokered deals on redistricting and
pension cuts and last year when he pressed for the legalization of same - sex marriage.
And it's often middle class public sector workers who've have had their pay and
pensions cut to pay for a debt they didn't create.
If they were right, Oregon's
pension cuts should have led to a mass exodus of teachers.
Right now you're hearing about how companies have gone bankrupt and pensioners are having
their pensions cut.
In addition, many retirees in Greece have already seen
their pensions cut.
Whether you are a Blackhawks fan who recently saw
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