Sentences with phrase «pension smoothing plan»

It's especially important now for the Cuomo administration to have Duffy defending the pension smoothing plan as Syracuse Stephanie Miner, the state Democratic Party co-chairwoman, is opnely skepitcal of it.

After Miner went public with her criticism of the pension smoothing plan, a whole host of people have felt sufficiently comfortable (safe?)

The governor's recent pension smoothing plan has made the strength of the pension fund a hot topic of late.

At the same time, Cuomo pushed through with some alterations a pension smoothing plan that had been opposed by Syracuse Mayor Stephanie Miner, the governor's hand - picked Democratic Party co-chairwoman.

But Syracuse Mayor Stephanie Miner says her skepticism of Cuomo's pension smoothing plan is an exaggeration of the press and that her relationship with the governor remains «professional.»

The new minimum wage proposal in the Assembly is backed by Labor Committee Chairman Carl Heastie and Assemblyman Keith Wright, the state Democratic Party co-chairman (his other party co-chair, Syracuse's Stephanie Miner, broke with Cuomo on his pension smoothing plan that is also in the budget).

Miner has been critical of the pension smoothing plan that Cuomo proposed in his initial budget plan that allows local governments to lock in stable rates now at the expense of future savings down the road.

Not exact matches

The two campaigns have traded barbs in recent weeks over a controversial amortization plan that Wilson characterizes as borrowing from the pension fund and DiNapoli's camp insists is merely «smoothing» to provide predictability for local governments and the state when it comes to contributions.

The state Legislature recently approved a «pension smoothing» program that allows municipalities to pay less now and more later, but Miner has been critical of the concept since Gov. Andrew Cuomo proposed a similar plan in January.

Our Karen DeWitt asked the Assembly leader if he was in favor of the «pension smoothing» plan outlined by the governor that will allow local governments to lock in a rate now to reduce current payments while defering a portion of the costs down the road.

Publicly, most mayors around the state had applauded Cuomo's pension - smoothing plan.

The two have not talked to each other since October, but they have had a public exchange all spring over the governor's proposal to help cities like Syracuse with a plan to smooth pension costs over time.

Figure 2 contrasts with the relatively smooth accrual that would occur with a cash balance pension plan (see our EFP paper for an explanation of this type of program, used by many large private employers and a few public employers).

It is possible to design DB plans that keep the investment risk with the employer, but allow smoother and fairer accrual of pension wealth for educators.

The authors (one of whom works at a foundation that funds some of Bellwether's pension work) call the alternative plan a «smooth - accrual defined benefit plan» or SA - DB.

A: Defined benefit (DB) pension plans can provide you with a smooth transition into a comfortable retirement lifestyle or play a healthy part in your overall retirement resources.

Make a smooth and relaxed move to your annuity days without worrying about your future requirements with well - designed pension plans.