Sentences with phrase «saving pension tier»
The morning after lawmakers approved a new, cost - saving pension tier for yet - to - be-hired state workers, much of official Albany was sleeping in following the marathon overnight session of debates and votes.
http://www.nystateofpolitics.com/ Not exact matches
Cuomo also introduced a new, less generous pension tier meant to save tens of billions over the next 30 years.
When a watered - down Tier 5 was finally enacted later that year, it didn't cover New York City cops and firefighters hired after the Tier 2 expiration date — because then - Mayor Michael Bloomberg reckoned the city would save more by assigning them to another, older pension plan known as Tier 3.
For fiscal watchdogs, the so - called pension sweeteners can be problematic: chipping away at savings achieved in new pension tiers that were approved as a way to save the state money in the long - term.
Cuomo's has proposed a Tier VI Pension Plan that proponents say would save the state upwards of $ 123 billion over the next 30 years.
They are aligned with an organization called the Committee to Save New York (CSNY) in pushing local officials to call on the state legislature to support Governor Andrew Cuomo's proposed Tier VI Pension reform plan.
The governor called for a new tier in the state pension system that he said will save the state and local governments outside of New York City $ 83 billion and New York City $ 30 billion over the next 30 years.
Last, since pension costs are an expensive mandate for local governments, Governor Cuomo has created a new tier in the state pension system that would save local government's $ 79 billion over the next thirty years.
Governor Cuomo implemented a number of cost - saving programs early in his tenure, including the Global Medicaid Cap, a new pension tier, and a negotiated increase in employee health insurance contributions.
Cuomo says he's not «wed» to calling any pension reform agreement a new Tier, if lawmakers agree to a plan that saves the same amount of money.
The governor was reminded by a top aid that he and the legislature approved a new pension tier, so that future workers will receive fewer benefits, saving the state, as well as local governments, billions of dollars in costs in coming decades.
Donohue also repeated his stance on the proposed Tier VI, a less - generous pension tier designed to save $ 90 billion over the next 30 yeTier VI, a less - generous pension tier designed to save $ 90 billion over the next 30 yetier designed to save $ 90 billion over the next 30 years.
He says he questions the claims by Cuomo and lawmakers that the new pension tier will save $ 80 billion dollars in future decades, saying there are «a lot of ifs» in that assumption.