Sentences with phrase «public employee pension reform»

Last night, by overwhelming margins, the Rhode Island legislature passed what may be the nation's most comprehensive state public employee pension reform ever.

Not exact matches

But rather than supporting the idea that all Canadians should have comfortable retirements — say, by reforming CPP, and protecting private sector employees against company bankruptcy — the authors see public sector pensions as just more «premium.»

The size of Illinois» pension crisis requires even bolder pension reform that includes 401 (k)- style plans for public employees.

«I believe pension reform is in the best interest of the public employees,» Cuomo said.

to public employee unions, sees similiarities between his approach and Cuomo's when it comes to pension fund reform.

The Senate President's motivation for the reform package of 2011 was to save the pension system from going under, to ensure that hard - working public employees received their pensions during retirement that they had been counting on throughout their careers.

Destito reassured the public that no current employees will be affected by pension reform.

No current workers would lose their pensions, and all reforms would only impact pensions for public employees who have not been hired yet.»

«For instance, the proposal for a new state pension Tier 6 with dramatically reduced benefits and increased employee costs is called a reform, but would be very destructive to public service.

Cohen supports the Business Council's Enough Already NY campaign's Five to Survive economic reform agenda which includes: a property tax cap; a state spending cap; reducing the tax burden; reforming public employee pensions and limiting government borrowing.

Reforming the state's pension plan for new employees will put our costs in line with other states across the nation and preserve the invaluable services, like education and public safety, that make New York the best place to live, do business and raise a family.»

We need repeal of union give - aways like the Triborough Amendment which rigs union contracts and benefits, repeal of the Wicks Law which raises public construction costs, reform of binding arbitration rules affecting police and fire contracts, and movement toward defined contribution pension plans for public employees.»

According to McMahon, one of the key reforms of Tier 6 was to end early retirement for public employees, in which workers could retire as young as 55 after 30 years on the job and not see a reduction in their pensions.

Absent serious reforms in Albany regarding such items as skyrocketing Medicaid costs and public employee pensions, we will have much more difficult choices to make next year.

Oneida County Executive Anthony J. Picente, Jr. today joined Gov. Andrew Cuomo at the signing of the legislation to reform New York's pension system and create a new Tier VI for newly hired public employees.

«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.

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.

Cuomo has said ethics reforms are on the «top» of his agenda, and in Rochester this week, the governor said the state should «remove the pensions of public employees who are convicted of a felony.»

Such massive support from public employee unions indicates Irwin is likely to fall in lock step with liberal Democrats on pension reform, tax increases and budget cuts.

Public employee unions have a huge amount of sway near the heart of the state's bureaucracy, and in 2014, they worked against the governor who had angered their members with his tough negotiations on labor contracts and his support for pension and education reforms.

Taking away the pensions of public employees convicted of a felony is something DeFrancisco said he can see passing because of the public outcry for ethics reform in the state.

Before being escorted off the property by hotel staff, the protesters handed out fliers stating their opposition to the Committee to Save New York, a group of business leaders formed in support of Gov. Andrew Cuomo's campaign to oppose tax increases, reduce the size of government and reform Medicaid and pensions for public employees.

But instead, setting a pattern for the fate of his reform promises, Cuomo cut a deal: keep this set of lines — which will remain in place for ten years, boosting the G.O.P.'s chance to hold the Senate — in exchange for reducing pensions for new public employees, authorizing casino gambling and this constitutional amendment, which will change the process for 2022.

Second, the continued operation of the system is likely to expose the soft - underbelly of modern public finance — the underfunded pension plans crying out for reforms that union leaders, along with other public employees, resist.

A careful analysis of the effects of a particular pension reform on benefits provided to public employees and costs incurred by taxpayers would entail detailed calculations under a range of possible assumptions.

He proposed a series of policy reforms involving the state's budget, public employee pensions, the drawing of political district lines, and education.

More to come on this important issue, but it is vital that public officials, the media and the public understand how the state employee pension system actually works before talking about specific reforms.

A report expected next week on reforming Connecticut's state employee public pension system will recommend cutting the annual expected rate of return by 1 percentage point to 7 percent, a lead researcher told Reuters on Friday.

However, voters are fed up with the union's attempts to keep a failing public education system from being reformed and having massive debt foisted on them in the form of public employee pensions.

With everything «on the table» this year there will certainly be discussions about reforming Connecticut's public employee pension system.

Secure Futures Colorado is a non-profit, bipartisan organization created to promote the urgent need for major reform of Colorado's public pension system, The Public Employees» Retirement Association (public pension system, The Public Employees» Retirement Association (Public Employees» Retirement Association (PERA).

Rising costs of public employee pension plans are a source of fiscal stress in many cities and states and have led to calls for reform.