Sentences with phrase «reducing public employee pensions»

Malliotakis» expressed view matches that of much of organized labor, opposing a convention on fears that it could result in weakening or eliminating the existing state constitution's prohibition on reducing public employee pensions.

Not exact matches

For example, the largest U.S. pension, California Public Employees» Retirement System, is considering more than doubling its bond allocation to reduce risk and volatility as the bull market in stocks approaches nine years.

Cuomo did call for some things that will be unpopular with public employee unions (freezing pay, creating a Tier VI in the pension fund, reducing the size of state government — a move that will undoubtedly necessitate job cuts, but he makes no mention of that I can find in «The New NY Agenda: A Plan for Action»).

The governor assented to a constitutional amendment, which let legislators draw districts that will stand until 2022, in exchange for legislative action on reducing pensions for newly hired public employees and authorizing seven casinos.

In 2012, he pushed to reduce pension benefits for new public employees in exchange for allowing legislators to draw their own district lines, breaking a campaign promise to reformers and helping Republicans retain their grip on power in the state Senate.

In 2009, a new pension tier with reduced benefits was created for newly hired public employees - called Tier V.

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.

«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.

Public employee unions were angry with the governor for reducing pensions benefits for new workers, and teachers were upset over a property tax cap, which impacts school budgets, and test - based evaluations.

As for reducing the pensions of current public employees, pollsters should read the relevant section of the state constitution to poll respondents.

New Yorkers also oppose (56 - 37) reducing pension benefits for public employees, despite the fact that experts like the Empire Center's EJ McMahon have warned the state is headed for a serious fiscal mess if generous taxpayer - funded benefits packages aren't scaled back soon.

The governor was criticized for using messages of necessity, long a staple of backroom deal - making at the Capitol, when he brokered agreements to reduce pension benefits for new public employees and change legislative district lines.

Among the findings: States will face continued pressure due to skyrocketing Medicaid costs, underfunded pensions for retired public employees and volatile tax revenues, as well as reduced federal funding.

The resulting Committee to Save New York rapidly became the state's biggest single lobbyist, raising and spending at least $ 15 million and running TV and radio ads that backed Cuomo's (ultimately successful) proposals for capping local property taxes and reducing the cost of public - employee pensions.

At the con - ConCon forefront are public employee labor unions which, as noted above, realistically worry that eliminating the constitutional prohibition on reducing state employee pensions will be a focus of a ConCon.

The reduced contribution rate — good news for local governments that pay into the state pension system for their public employees — was long anticipated from DiNapoli.

Last year, in exchange for an agreement to reduce the state's long - term pension costs, Mr. Paterson signed in a memorandum of understanding with public employee unions that he would not lay off any state workers during his term, which expires Dec. 31.

The state's constitution protects public employees and officials from having their pensions reduced or diminished after they start their public employment.

That is the expiration date of the no - layoffs pledge that Mr. Paterson made to public employee unions last year in exchange for an agreement to reduce the state's long - term pension costs.

For employees hired before 2011, the constitution says that public pensions involve a contractual relationship that can not be reduced or impaired, unless the constitution itself is amended.

«We really are up against it,» Mayor Michael R. Bloomberg said during a recent trip to Albany, urging the state to reduce pension benefits for future public employees.

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.

As written, the amendment would allow a judge to reduce or revoke the public pension of any elected official, state official appointed by the governor, judge or certain employees involved in policy making who is convicted of a felony related to their duties.

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.

The root of this difficulty is that both sides in public - employee negotiations find it in their interest to reduce the wage portion of the overall collective bargaining agreement — which, in the case of the Chicago public school teachers, is quite high at over $ 75,000 per year — in favor of larger pension benefits under a «defined benefits» plan.

More or less simultaneously with the filing of Florida's suit, state district judges in Minnesota and Colorado threw out public employees» suits against governments that had reduced cost - of - living adjustments to their pensions, ruling that they were not contractually protected.

A group of active and retired Chicago city employees and four unions that represent them — AFSCME Council 31, the Chicago Teachers Union, the Illinois Nurses Associations and Teamsters Local 700 — filed suit today in Cook County Circuit Court to overturn Senate Bill 1922 (Public Act 98 - 0641), legislation to sharply reduce pension benefits for city workers and retirees who participate in the Municipal Employees Annuity and Benefit Fundemployees and four unions that represent them — AFSCME Council 31, the Chicago Teachers Union, the Illinois Nurses Associations and Teamsters Local 700 — filed suit today in Cook County Circuit Court to overturn Senate Bill 1922 (Public Act 98 - 0641), legislation to sharply reduce pension benefits for city workers and retirees who participate in the Municipal Employees Annuity and Benefit FundEmployees Annuity and Benefit Fund (MEABF).

In a widely expected ruling, the Illinois Supreme Court has upheld a Cook County state court ruling holding that a state law, Public Act 98 - 641, reducing annuity benefits for employees and retirees of the City of Chicago, in exchange for increased contributions to certain pension funds, was unconstitutional.