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Citizens Budget Commission of New York

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Topic

  • Capital Spending (7)
  • City Budget (20)
  • Economic Development (7)
  • Education (3)
  • Health Care (4)
  • Housing (2)
  • Pensions & Benefits (19)
  • (-) Public Workforce (9)
  • State Budget (21)
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  • Blog (3)
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Showing 1 - 9 of 9
Blog Public Workforce

A Closer Look at Paterson's Proposed Layoffs

October 31, 2010
Review Governor Paterson's plan to lay off state workers and allow additional positions to be vacated.
Report Pensions & Benefits

8 Things New Yorkers Should Know About Public Retirement Benefits in New York State

October 19, 2010
This report presents eight facts about retirement benefits for New York State and local employees intended to stimulate a substantive discourse on pursuing changes to prevent underfunding of the pension systems and to make retirement benefits more fair and affordable.
Report Pensions & Benefits

Better Benefits from our Billion Bucks

August 02, 2010
This report describes the organization and financing of the union welfare funds, identifies and documents three problems with the current arrangements – limited accountability, poor financial management and inefficient provision of benefits - and presents recommendations to improve the use of these payments and provide taxpayer savings.
Blog Public Workforce

The Public and Private Sector Wage Disparity: An Update

May 24, 2010
The labor market case for more generous retirement benefits for public sector workers is no longer valid.
Blog Pensions & Benefits

Christmas Bonuses

January 20, 2010
Each December, some NYC uniformed retirees receive a "variable supplement fund" payment in addition to their pensions.
Report Pensions & Benefits

Out of Balance

December 16, 2009
The CBC and the Partnership for New York City surveyed large private firms in New York City to provide a basis for comparing the health insurance and pension benefits of private sector workers with those of municipal employees.
Report Education

Is It a Good Deal?

November 11, 2009
The New York City teachers’ contract expired on October 31, 2009. A new agreement may be reached soon. As the City faces a $5 billion budget gap for the next fiscal year and key educational reforms remain unfinished, here are key questions parents and taxpayers should ask to judge whether the next contract is a good deal for them.
Report Pensions & Benefits

The Explosion in Pension Costs

April 06, 2009
In recent years, one of the fastest growing expenses for New York City government has been retirement benefits for municipal workers. This growth is driven mainly by investment losses in the pension funds and the enrichment of retirement benefits. As New York taxpayers have a critical interest in understanding the reasons behind the explosion in retirement benefit costs and what can be done to limit future liabilities, this report summarizes 10 facts about retirement benefits for New York employees.
Report Pensions & Benefits

Six-Figure Civil Servants

January 08, 2009
In fiscal year 2008, the average compensation cost per New York City full-time employee was $106,743; this figure represents a system out of sync with the private sector and an opportunity to limit the growth of the City’s liability in the future while continuing to provide fair and adequate compensation to the City’s employees. Three factors that have driven the growth in compensation among City employees are: 1) Pay increases are directly attributable to contract settlements with unions; 2) More generous terms of the health insurance benefits offered by the City, as compared to the private sector and other state and local governments; and 3) The benefit retirement plans offered by the City that lock in the City’s future payouts to retirees based on the employee’s pay, years of employment and age at retirement among other factors. CBC offers three recommendations in response to these factors.

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