State comptroller Tom DiNapoli today to assert the following: Critics of the current defined-benefit retirement plans for state workers incorrectly assert that New York State's pension system is financially sound only because of an unli Read More
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Labor unions in New York are mounting a fierce effort to derail Gov. Andrew M. Cuomo's Tier 6 pension reform plan, portraying it as an attack on the middle class. Read More
Traditional public employee pension programs in New York State have become unaffordable for taxpayers—while denying workers the ability to choose more flexible approaches to retirement planning. Read More
A popular retirement plan first authorized almost 50 years ago for employees of the State University of New York (SUNY) can be a model for a defined-contribution option that would be offered to all new state and local employees under Governor Andrew Cuomo’s Tier 6 pension reform proposal, according to a report released today by the Empire Center for Public Policy. Read More
OK—I admit it. Those protestors outside our pension reform event in Albany today did get one thing right. I do think people need to “gamble” some of their retirement savings on Wall Street. Read More
This event explores the Empire Center's paper, "Optimal Option," focused on the popular Optional Retirement Plan offered for the past 48 years by the State University of New York (SUNY) and the City University of New York (CUNY), including accounts administered through the Teachers Insurance and Annuity Association and College Retirement Equities Fund (TIAA-CREF). Read More
This testimony discusses one key proposal of the Governor’s Human Service Budget – managing the SSI State Supplement. As part of his SFY 2012-13 Executive Budget, Governor Andrew Cuomo has included a long overdue initiative for the state to take over the administration of New York’s Supplemental Security Income (SSI) state supplemental payment from the federal Social Security Administration. Read More
To the Editor: As part of his State Fiscal Year 2012-13 Executive Budget, Gov. Andrew Cuomo has included a long overdue initiative to take over the administration of New York’s Supplemental Security Income (SSI) state supplemental payment from the federal Social Security Administration. Read More