Sentences with phrase «skyrocketing pension costs»

The state has already been saddled with skyrocketing pension costs by the Illinois Supreme Court.

State lawmakers have more than 50 proposals to sweeten pension benefits at taxpayers» expense in spite of skyrocketing pension costs.

Deputy Mayor Stephen Goldsmith blamed the cuts squarely on skyrocketing pension costs, which have forced the city to up the pension allocation by a billion dollars to $ 8.3 billion in 2012.

One of those tough decisions, says Miner, came two years ago, when she broke with the Cuomo administration, and refused to let the city take part in the governor's plan to reduce skyrocketing pension costs by letting municipalities pay them off over a long period of time.

In Pennsylvania, Philadelphia Federation of Teachers president Jerry Jordan has long railed against using 401 (k) retirement plans for his union's members as a way to curb skyrocketing pension costs.

But Mayor Michael Bloomberg, who has charged that skyrocketing pension costs are bankrupting the city, dismissed the findings — as well as Liu, who released the study as part of a larger effort to protect public workers» retirement benefits.

Mayor Michael Bloomberg said the cuts are necessary as the city faces decreasing tax revenue and skyrocketing pension costs.