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Blog Pensions & Benefits

Simple But Significant

December 19, 2010
As New York’s elected officials consider options for balancing budgets in the face of record deficits, they should eliminate a public employee fringe benefit rarely offered anywhere else: reimbursement for Medicare Part B premiums.
Blog Pensions & Benefits

What is OPEB and Why Does it Cost $9.4 Billion?

December 05, 2010
The true cost of retiree health insurance and "other postemployment benefits," or OPEB, was $9.4 billion in fiscal year 2010. Why it cost so much and what should be done about it.
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.
Letter Pensions & Benefits

CBC Encourages Governor Paterson to Veto Benefit Sweeteners

July 22, 2010
The fiscal realities of the time have not deterred the Legislature from advancing dozens of bills enhancing benefits for State and local employees and retirees. Three were already sent to you for consideration this week; another will be shortly. We are writing to ask that you veto them.
Blog Pensions & Benefits

Not so sweet

June 20, 2010
While the State and local governments struggle to pay for current salaries and fringe benefits of public employees and to fully fund the pension system for retirees - resorting to a "borrowing" scheme to stretch out required payments - the State Legislature has remained undeterred in introducing and acting upon bills that would add even more costs in the 2010 session.
Blog Pensions & Benefits

The State and Local Pension Stretch

June 16, 2010
New York stands out for consistently setting aside adequate funds to make its employee pension systems fiscally sound, but political leaders are considering heading down a fiscally irresponsible path.
Report State Budget

In The Danger Zone

March 08, 2010
This comparative analysis examines the debt burden of the 50 states. It finds that New York's debt burden is well above national averages and greater than that of all but three states.
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.