Sentences with phrase «style pension system»

The Tier 6 proposal is nothing more than a false choice of accepting severely reduced pension benefits or joining an inefficient 401k style pension system.

Not exact matches

The plan requires new state workers to choose between the current pension system and a new hybrid plan that's part pension and part 401 (k)- style plan.

«If we stay on this course we are going off a cliff,» said Suffolk Executive Steve Levy, who backs fundamental changes to the state's pension system, including a move to 401 (k)- style programs similar to those in the private sector.

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.»

The teachers association, which endorsed Newsom, also asks candidates if they will oppose using student test scores as an element in determining teacher salaries; support collective bargaining for school employees; and oppose replacing the pension system for public employees with a 401k - style retirement plan.

Some lawmakers are hoping to pass a bill in this lame - duck session of the Legislature that would force new teachers into a 401 (k)- style retirement system, and move the state away from supporting a traditional pension system.