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Op Ed Pensions & Benefits

Pension sweeteners a bitter prospect for New York City

June 15, 2018
The City Council adopted a budget for fiscal year 2019 that totals almost $90 billion. Almost $10 billion will be devoted to pensions for public employees, and the amount is projected to grow. And yet, for some, this is not enough.
Blog Pensions & Benefits

Bitter Truth

June 06, 2018
To date the New York State Legislature has introduced 138 bills in this session that enhance the benefits of state and local public employees. How much these bills could cost taxpayers is unknown.
Report Pensions & Benefits

2018 Benefit Sweetener Scorecard

May 18, 2018
The balance of this year's legislative session will be devoted to moving bills through the legislative process, including proposals to enhance the benefits of State and local public employees and retirees.
Blog Pensions & Benefits

Four Egregious Benefit Enhancement Bills

May 18, 2018
The 135 active bills identified on the Citizens Budget Commission’s 2018 Benefit Sweetener Scorecard this session could cost the State and local governments at least $428 million.
Report Pensions & Benefits

2018 Benefit Sweetener Scorecard

April 12, 2018
With negotiations completed and a State Budget enacted, the balance of this year’s legislative session will be devoted to moving bills through the legislative process, including proposals to enhance the benefits of State and local public employees and retirees.
Report Pensions & Benefits

Union-Administered Benefit Funds

February 08, 2018
NYC taxpayers are projected to contribute $1.1 billion to 108 union-administered benefit funds. Better management, oversight, and consolidation can create more than $160 million in savings for the City and improve benefits for members.
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 Pensions & Benefits

2009 Benefits Sweetener Scorecard

June 02, 2009
The 2009 edition of the scorecard developed by the CBC that highlights legislative activity related to pension costs. The scorecard will track the introduction, progress, and sponsors of legislation designed to sweeten existing pension benefits of government employees, as well as any pension reform efforts to reduce future pension liabilities.
Letter Pensions & Benefits

CBC Encourages Legislatures to Avoid Pension Sweetener Legislation

June 02, 2009
This letter notifies the Legislature that the CBC has issued a "Pension Sweetener Scorecard" that tracks legislative and gubernatorial actions regarding pension benefits and highlights those actions for the media and the public. These sweeteners are often enacted over the objections of elected heads of local governments and always at the expense of taxpayers.
Letter Pensions & Benefits

CBC Urges Governor Paterson to Veto Costly Mandate for Retired Teachers

May 12, 2009
This letter from the CBC urges the Governor to veto A4628, a bill that would renew the provision that prohibits school districts from reducing the health insurance benefits offered to retirees unless the changes are approved by the local teachers union.
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.
Letter State Budget

10 Do's and Don'ts for Spending the Federal Stimulus Funds

February 25, 2009
This letter to the Legislature warns that the federal aid to New York is limited and temporary, suggests ten do’s and don’ts for using the federal funds and closing the budget gap while avoiding harmful cuts and tax increases, and highlights possible allocation of the funds.