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Blog Pensions & Benefits

2019 Benefit Sweetener Scorecard

May 01, 2019
For the remaining seven weeks of the legislative session, members will propose to enhance the benefits of State and local public employees and retirees.
Report Public Workforce

Reform at the Bargaining Table

April 30, 2019
The MTA's fiscal outlook is dire, and improving it requires a multipronged approach. Paramount in the effort is slowing the growth of labor costs.
Blog City Budget

Restoring City Priorities Along With Spending Cuts

June 21, 2012
The Mayor and City Council's “budget dance” focuses largely on child care slots and after-school programs, but should really be about the City’s overly generous contributions to the health insurance of former City employees and their spouses.
Statement Public Workforce

Statement on Tier VI Reforms

March 14, 2012
The bill that passed both houses of the State Legislature early this morning included important, beneficial changes in most components of the pension formulas that will determine benefits for future employees.
Blog Pensions & Benefits

A More Flexible Pension Plan

January 25, 2012
Part of Governor Andrew Cuomo’s “Tier VI” proposal to make pension benefits for public employees of New York’s State and local government more affordable and sustainable over the long term is an optional 401(k)-style plan, already used widely in the private sector and becoming more common in the public sector.
Blog Pensions & Benefits

NY Retirement Systems: Still Out of Line

January 25, 2012
NY requires unusally low rates of employee contribution -- meaning taxpayers largely shoulder the cost of providing pensions, which has grown sharply over the last decade.
Report Pensions & Benefits

The First Priority in the New Year – Pension Reform

January 10, 2012
This brief examines pension cost growth in New York State and its effect on the New York's competitiveness. It recommends the adoption of a new tier of pension plans known as the Tier VI Proposal.
Report Pensions & Benefits

Old Assumptions, New Realities

March 31, 2006
This report summarizes a more detailed study prepared by CBC, “The Case for Redesigning Retirement Benefits for New York’s Public Employees,” released in 2005. For decades the popular image of government employment has involved the tradeoff of lower wages for job security and relatively generous retirement benefits. That image, while still widespread, is no longer the reality.