Sentences with phrase «public worker pension»

In his first budget address to the legislature, Murphy said he would use the extra revenue to ramp up state aid for school districts, increase funding for the beleaguered NJ Transit and a make a larger payment into the cash - strapped public worker pension system.

New Jersey Gov. Chris Christie signed a law that prohibits the state's public worker pension fund from investing in companies that engage in the boycott of Israel and support the Boycott, Divest and Sanction movement.

He also has to find funds for the state's cash - starved public worker pension system.

Not exact matches

Earlier this year, Indiana passed right - to - work legislation and two cities in California voted to curb the pensions of public sector workers.

The Times went further, saying that the island's total financial collapse will only make things worse: «Government workers will forgo pension money, public health and infrastructure projects will go wanting, and the «brain drain'the island has been suffering as professionals move to the mainland could intensify.»

Eroding pension plans by shifting risk onto vulnerable employees and retirees with limited ability to absorb income cuts is quite in keeping with the Harper government's determination to lower the boom on public sector workers and improve the profitability of their corporate friends in the private sector.

Cities and states will preserve their credit ratings by annulling their pension obligations to public - sector workers, and raising excise and sales taxes — but not property taxes.

The city of 300,000 plans to cut payments to bondholders while leaving intact pension obligations to public workers and retirees.

Social Security: Retired workers receive a public pension to help them through old age.

Where there are public retirement systems, workers are asked to replace them by a pension fund mechanism that subjects their own employers to the sole imperatives of immediate profitability, extends the sphere of influence of finance, and persuades citizens of the obsolescence of institutions of solidarity between nations, peoples, and generations.

Up to two million public sector workers are striking over their pensions today, as union leaders» impasse with the government continues.

«The shadow chancellor has wrapped up public sector cuts, public sector pay freezes, a rise in retirement age and reduced pension rights in warm words that will ring hollow with Britain's army of public sector workers.»

Six unions have mounted a legal challenge on behalf of millions of public sector workers over what inflation index is used to increase their pensions.

Cuomo's press conference comes on the heels of a WSJ report by Jacob Gershman (subscription required) in which the AG called public employee pensions «disproportionate,» but stopped short of backing a plan to shift more of the cost — and risk — to workers.

David Cameron addresses the Local Government Association's conference in Birmingham, two days before public sector workers strike over their pensions:

«The consequence of the long - drawn - out negotiations over the latest reform appears to be little or no long - term saving to the taxpayer or reduction in generosity, on average, of pensions for public service workers,» Carl Emmerson, deputy director of the IFS, said.

Lord Hutton has recommended the scrapping of final salary pensions, in a widely - expected move likely to trigger anger among public sector workers.

«Taxpayers are ultimately responsible for backing public pension benefits and paying public worker salaries.

To support private sector efforts in expanding access to housing, the Ministry of Finance will partner with banks, pension trustees and securities market players to start a process of developing and deepening the local mortgage and housing finance market to offer affordable mortgages at subsidized interest rate beginning with public sector workers.

This brief uses data from the Current Population Survey Annual Social and Economic Supplement5 to examine the importance of public pensions to black retirement security, and why the twin threats to public pensions — cuts to state pension benefits and the decline in public employment over the past two decades — particularly threaten the retirement security of African American workers.

As important as public employment is to the black middle class, the pensions provided by public employment are perhaps even more crucial to the retirement security of black workers.

Even when public employees» relatively decent pensions and health coverage are included, their total compensation still lags behind workers in private industry.

Mr Cameron accused the chancellor of a «craven surrender» in allowing these workers to retire at 60 - Lord Turner is expected to call for a general rise in retirement age to 67 - and argued that any pensions scheme must be equitable for private and public sector workers.

Then Wednesday will see a massive walkout by public sector workers protesting against cuts to their pensions arrangements.

The NASUWT has today received formal notification from the High Court of the hearing date for its application for judicial review of the Coalition Government's decision to change the index - linking of public service workers» pensions, including teachers» pensions, from the Retail Price Index (RPI) to Consumer Price Index (CPI).

In the past few months, the leaders of all the public sector unions threatened a mass strike of three million workers over pensions, while this week the Public and Commercial Services (PCS) union balloted members on industrial action over civil service jobpublic sector unions threatened a mass strike of three million workers over pensions, while this week the Public and Commercial Services (PCS) union balloted members on industrial action over civil service jobPublic and Commercial Services (PCS) union balloted members on industrial action over civil service job cuts.

Public worker unions are beginning to launch a series of television ads opposing the new, less generous pension tier for future state workers.

Public sector workers in Britain have gone on strike today in a row over pay, pensions, conditions, jobs and spending cuts.

Over a million public sector workers are set to take industrial action against the government in a series of rows over pay, pensions, jobs, conditions and spending cuts, according to union figures.

Public sector workers are striking today over a row on pay, conditions, pensions and spending cuts.

«It will help us because the people against the convention are generally our people — the public sector unions like teachers, government workers and police» concerned the recent «radical wave could sweep a convention» and diminish or erase pension and health benefits, Schaffer said.

He is expected to announce plans to force public sector workers to dramatically increase their contributions under a «pension levy» if they want to maintain their current rights.

The recent publication of the Hutton Report on public sector pensions is the beginning of significant future reforms to the pensions of millions of public sector workers, many of whom may have to work longer and contribute more.

Conference commits the National Executive to working with the TUC to challenge, using all appropriate means, including industrial action, any attempt by the Government, in response to and as a remedy for economic difficulties or recession, to worsen pension provisions for teachers or other public sector workers.

Following the submission today of the NASUWT response to the Department for Education consultation on «Proposed Increases to Contributions for Members of the Teachers» Pension Scheme», Chris Keates, General Secretary of the NASUWT, the largest teachers» union in the UK, said: «The Coalition Government should tell the public the truth about why it is seeking to raid the pensions of millions of ordinary public service workers and why it is taxing public sector workers who are acting responsibly by trying to save for their retirement.

Despite the promise of the Coalition Government to protect accrued pension rights, regardless of the outcome of the current Review of public sector pensions, millions of public sector workers are now facing a retirement beset by worry and financial uncertainty following the Coalition Government's decision to switch pension calculations from the Retail Price Index (RPI) to the Consumer Price Index (CPI).

A «generous offer» to unions which would preserve all public sector workers» accrued pension rights has been rejected by unions.

A report by Policy Exchange published last week claimed that public sector workers are better off than their private sector counterparts in terms of hours worked, retirement age and pension quality.

Conference asserts that public sector pensions are a significant element of the remuneration package for five million public service workers and are, therefore, a substantial part of pension provision in the UK.

Prince Adelugba applauded Governor Aregbesola's sensitivity to workers» welfare, saying the present administration had painstakingly taken times in explaining to the public on the position of finances of the state in relation to the payment of salary, pension and gratuities.

«This change represents nothing more than naked raiding of public service workers» pensions to make them pay the price for the greed and recklessness of the financial sector.

· Allowing counties an option to modify how they fund state mandated pension contributions · Providing counties more audit authority in the special education preschool program · Improving government efficiency and streamlining state and local legislative operations by removing the need for counties to pursue home rule legislative requests every two years with the state legislature in order to extend current local sales tax authority · Reducing administrative and reporting requirements for counties under Article 6 public health programs · Reforming the Workers Compensation system · Renewing Binding Arbitration, which is scheduled to sunset in June 2013, with a new definition of «ability to pay» for municipalities under fiscal distress, making it subject to the property tax cap (does not apply to NYC) where «ability to pay» will be defined as no more than 2 percent growth in the contract.

DiNapoli has been critical of 401 (k) style pension plans, a major component of the governor's proposed Tier VI for new public workers.

And in what is practically a rite of summer in labor - friendly Albany, there are dozens of bills to «sweeten» the pensions of public workers.

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.

The measure, which a spokesman said would be applied only to corrupt elected officials and policymakers, would set in motion the process to amend the state constitution, which now guarantees public pensions to all public - sector workers.

The current bill would change a constitutional protection for public workers that their pension «shall not be diminished or impaired.»

Whether it's been attacking public employee pensions, refusing to help New York's unemployed workers, or failing to stand up to the Governor when he shut down hundreds of construction jobs, there is a long line of broken promises and actions in the Senate that have targeted the labor movement.

Cuomo has been at odds with public workers on several fronts, pushing for a cap on local property tax increases and reducing pensions for new employees.

Cuomo was criticized during an all - night session in mid-March for issuing special messages of necessity to allow the Senate and Assembly to pass bills as soon as deals were struck on topics like a new pension tier for public workers, and redistricting lines.