Tag: Public Pensions

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

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

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

Battle lines have been drawn on public pension reform in New York and some of the fiercest public employee union attacks are focusing on Gov. Andrew Cuomo’s proposal to let future government employees choose between a traditional pension and a defined-contribution retirement savings plan. Read More

Labor unions in New York are mounting a fierce effort to derail Gov. Andrew M. Cuomo’s Tier VI pension reform plan, portraying it as an attack on the middle class. Read More

Gov. Andrew M. Cuomo says he's willing to be a "veritable Gumby" of flexibility in negotiating the terms of public pension reform, as long as a new pension plan reduces costs by a large enough amount. Read More

Assembly Speaker Sheldon Silver is insisting that Gov. Cuomo “negotiate” his plans to reform New York’s outdated pension systems with the public-employee unions — which misses the biggest point of reform. Read More

Seventy-one percent of New York State’s public school teachers support giving new teachers a choice between a defined-contribution retirement plan and a traditional defined-benefit pension, according to a statewide poll conducted for the Empire Center for Public Policy. Read More