Sentences with phrase «state pension tier»

«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.

Not exact matches

Harry Wilson is out of the country, but he couldn't help weighing in on the pension reform debate raging back home in New York, where his 2010 opponent, state Comptroller Tom DiNapoli, is under fire for opposing Gov. Andrew Cuomo's call for creation of a sixth pension tier with a 401 (k)- style option for new state employees.

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 bill allowing all veterans to buy added pension time was vetoed by Cuomo last year because, notwithstanding a clause in the governor's Tier 6 pension reform, it failed to appropriate money to cover the projected state and local government share of the «past service» catch - up cost of the measure.

New York has been far ahead of other states in compressing the cost of pension benefits by creating multiple tiers of pension benefits.

Bloomberg has backed several measures that Republicans in the chamber put to a vote this year, including a new, less generous pension tier for incoming state workers.

Despite low approval ratings, Paterson managed to impose budget cuts, increase oversight for New York's authorities and create a new pension tier for incoming state workers.

Renee and guest Ronnie Ellis with CNHI News Service run down the key state legislative races in this year's primary contest, the top - tier candidates vying for the Democratic nomination in the 6th congressional district, the impact of recent educator activism in response to pension legislation and education funding, and more.

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

Of course, there was no mention of Addabbo and the rest of his conference not casting a vote on one of the governor's most hard - sought proposals this year: the Tier Six pension measure which scaled back benefits for new state hires.

Cuomo also said in his State of the State message that he intends to propose a new pension Tier VI for future workers that offers fewer benefits.

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.

«This recommendation completely disregards the shared sacrifice of New York State's Uniformed Fire and Police who agreed to significant pension system reforms through the enactment of Tier V in 2010,» the unions stated.

Gov. Andrew Cuomo has pushed to reduce the cost of state's public pension system by successfully advocating for a new retirement level, Tier Six.

Bloomberg specifically mentioned his support for a new pension tier for future employees that Cuomo offered up last week in his budget address, both in his own city and across the state, calling the current growth «unsustainable.»

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.

New York State AFL - CIO: Tier VI Pension Proposal Deflects from Real Issue: Job Creation Wednesday June 08, 2011 at 05:01 pm

Those include the 71 - year - old Democrat's 44 years of state employment, his inclusion in the state pension's system Tier I, and other factors such as whether he provides part of it directly to his wife.

DiNapoli has been critical of the governor's push for Tier VI, a new, less generous pension tier for future state workers that includes the option of a 401 (k)- style defined contribution pTier VI, a new, less generous pension tier for future state workers that includes the option of a 401 (k)- style defined contribution ptier for future state workers that includes the option of a 401 (k)- style defined contribution plan.

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.

The governor's proposal calls for another new pension tier that will do little, if anything, to affect the 2012 - 13 state budget.

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.

In his first two years as governor, Cuomo proposed and won a 2 percent limit on property tax increases and a new, less generous pension tier for state workers.

Paterson's top counsel, Peter Kiernan, told agency heads during a conference call last week that he had advised the governor his memorandum of understanding with labor unions reached in exchange for their support of a fifth pension fund tier clearly states the state can not «threaten» layoffs in 2010.

The Tier VI pension agreement in 2012 gives state workers earning more than $ 75,000 access to defined contribution system based on the model used by public university employees, known as TIAA - CREF.

The Civil Service Employees Assocation has filed CSEA an Improper Practice charge with PERB over Gov. David Paterson's continuing threat of layoffs depite his signing of a no - layoff agreement with the state workers unions in exchange for their support of a fifth pension fund tier.

But the legislative selections brought a few eyebrow - raisers, including a host of «no endorsements» for freshmen Assembly Democrats and Senate Republicans who had the temerity to vote — along with many more seasoned members of their majority conferences — «yes» on creating a sixth tier in the state pension fund.

That would include state employees in Tier 5 and 6 of the state's pension system, who are not yet eligible to collect benefits, Paulin said.

During an all night session, the governor issued special messages to rush through other parts of a larger deal to create a new pension tier and expand the state's DNA database.

Governor Cuomo has threatened that he won't accept any spending plan from the legislature that does not include a new pension tier for future state workers.

Unions were furious, using a pre planned rally to express their anger, saying the new benefit tier will reduce pensions by as much 40 % for future state workers.

The state Assembly and Senate have released one house versions of a state budget that do not include Governor Cuomo's plan for a new benefit tier to limit the pensions of future public workers.

State Comptroller Tom DiNapoli today issued an aggressive defense of the current pension system andm — without getting into specifics — slammed Gov. Andrew Cuomo's proposal to offer a 401 (k)- style defined contribution plan as part of his Tier 6 proposal, calling the change «unacceptable» and «extreme.»

Mr. Cuomo also plans to revamp the state pension system by establishing a new and «less generous» pension package called Tier VI, which would only affect new state employees.

However, according to the state Comptroller's Office, Skelos actually became a member of the New York State and Local Retirement System on June 29, 1973, two days before Tier 1 of the pension system was closed to new memstate Comptroller's Office, Skelos actually became a member of the New York State and Local Retirement System on June 29, 1973, two days before Tier 1 of the pension system was closed to new memState and Local Retirement System on June 29, 1973, two days before Tier 1 of the pension system was closed to new members.

In addition to the convention center plan, the Governor introduced a range of policy proposals building on his legislative success in 2011, including the creation of a new pension tier for new state employees and an expected push to legalize gambling in the state.

To create a financial disincentive for future pension sweeteners, Cuomo's Tier 6 «pension reform» of 2012 had included language requiring that the full cost of any retirement benefit increase for state and local employees to be paid out of the state budget.

As part of his proposed Tier 6 pension reform, Governor Andrew M. Cuomo would offer all new state and local workers the same kind of defined - contribution option.

Duffy noted that Cuomo pushed for the new, less generous pension tier, as well as a Medicaid redesign effort that is aimed at reducing the costliest portion of the state budget.

Unions also aren't thrilled with the Democrats» voting in favor of creating a fifth tier in the state pension fund and their failure to demand that Gov. David Paterson include funding for construction projects in budget extenders.

For example, most county employees are in Tier 4 of the state pension system, and the county makes a contribution equal to about 20 percent of their salaries to the state retirement system.

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.

ALBANY, NY (03/15/2012)(readMedia)-- «Speaking today for the 54,000 members of the New York State Public Employees Federation (PEF), we are appalled that state legislators finally broke last night and gave in to the governor's relentless demand for a new pension tier that will do nothing to help the state or local governments deal with their current budget demState Public Employees Federation (PEF), we are appalled that state legislators finally broke last night and gave in to the governor's relentless demand for a new pension tier that will do nothing to help the state or local governments deal with their current budget demstate legislators finally broke last night and gave in to the governor's relentless demand for a new pension tier that will do nothing to help the state or local governments deal with their current budget demstate or local governments deal with their current budget demands.

She says the business lobby gave high grades for the adoption of a property tax cap, a new pension tier for public workers, and two years of austere state budgets.

This new pension tier means any new hires the state attracts must work harder and longer for a retirement that's significantly less secure than those of their more senior coworkers.

«Not one of our members today will be in this new pension tier, but they all understand how it will undermine the high standards they work so hard to uphold throughout state service.

Crowley's proposal would encourage the state to pass a bill creating parity among the different pension tiers for all employees of the uniformed services.

Still, while the City of Corning is thriving compared to many others in the Southern Tier, it's not immune to the economic pressures facing local governments across upstate: a stagnant tax base, rising pension costs and a limited ability to increase revenues due to the state property tax cap.