Sentences with phrase «stable pension rate»
The proposal allows cash - strapped municipal governments to lock in a stable pension rate now against future savings.
http://www.nystateofpolitics.com/ Not exact matches
Miner has been critical of the pension smoothing plan that Cuomo proposed in his initial budget plan that allows local governments to lock in stable rates now at the expense of future savings down the road.
The stable pension contribution rate for local governments and schools, submitted as part of the Executive Budget, will provide a new tool for local governments to access the long - term savings from Tier VI and have greater predictability in their fiscal planning.
2) Those left in the Normal Pension Rate Option may end up subsidizing the big cities and counties that join the «stable rate» propoRate Option may end up subsidizing the big cities and counties that join the «stable rate» proporate» proposal.
«Briefly put, the Governor's proposal endangers the pension funds by promising a stable rate of contributions over a 25 - year period, but the State is unlikely to be able to keep that promise.»
«If someone works for a stable company with a good credit rating and their pension is less than 80 % funded, I would shrug my shoulders,» says Fred Vettese, chief actuary at Morneau Shepell, pension and benefits consultants, and co-author of The Real Retirement.