Is Governor David Paterson ready to consider a wage freeze? Based on what he told reporters Sunday, the answer may be yes. The governor was asked to comment on the idea as presented in an op-ed by John Faso, the 2006 gubernatorial candi Read More
Tag: NY Public Payroll Watch
Did Governor David Paterson forget why he vetoed a bill that virtually locks in health benefits for retired state and local government employees? Or does he believe retired teachers are more deserving? The Tier 5 bill, , goes beyond creating a ne Read More
Pay raises for teachers in eight Long Island school districts are growing at a slower rate than in the past, but still exceed percentage increases granted to private sector employees. Meanwhile, teachers in at least 18 Long Island districts are wo Read More
Despite a crushing recession and a $45 billion drop in the state pension fund, Albany’s 2009 legislative hopper includes dozens of proposals to enhance the retirement benefits of New York State and local government employees. Read More
State and local government employees in New York collect taxpayer-guaranteed pension benefits that are far more generous than those available to most private-sector workers. Use the articles and other resources available at New York's Pension Bomb to learn about the heavy costs of public pensions. Read More
Public pension costs in New York are mushrooming—just when taxpayers can least afford it. Over the next five years, tax-funded annual contributions to the New York State Teachers’ Retirement System (NYSTRS) will more than quadruple, while contributions to the New York State and Local Retirement System (NYSLRS) will more than double, according to estimates presented in this report. Read More
In the wake of the nation’s worst economic downturn since the 1930s, New York State’s counties, municipalities and school districts face intense budgetary pressure. To bring spending into line with tightly constrained revenues, especially under a newly imposed property tax cap, local governments need more than ever to control rising employee salary and benefit costs. Read More
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