Sentences with phrase «pension givebacks»

And in late 2008, just as the financial crisis began to explode, Mr. Bloomberg granted 4 percent raises for two consecutive years to the city's largest municipal workers» union, District Council 37, without extracting support for pension givebacks.

Not exact matches

Salary giveback schemes intended to inflate earnings for pension calculation purposes.

But here's why we can say givebacks are in play: With rising shortfalls forecast for the coming years, with little appetite at the Capitol for raising taxes again, with debt and pension costs rising, and with state - financed, outside services such as group homes already squeezed, there are scant other places to turn.