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Op Ed
Pensions & Benefits
Pension sweeteners a bitter prospect for New York City
New York Daily News
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.
Op Ed
State Budget
Albany Handcuffs New York’s Cities
July 04, 2012
Local governments in New York are under serious and growing fiscal pressure, and the Legislature isn’t doing enough to ease the burden. Unfortunately, the Legislature seems oblivious.
Op Ed
Pensions & Benefits
Sneak Labor Giveaway
May 05, 2012
Across New York, the cost of health benefits for retired government employees is growing so rapidly that it threatens to crowd out funding for essential government services. Rather than lay off police or close libraries, public officials may want to use their discretion to alter retiree health insurance — but some state legislators are trying to take away that discretion.
Op Ed
Pensions & Benefits
New York State’s Pension Plan
March 12, 2012
Deferrals of pension fund contributions by New York State and localities relies on unconvincing arguments by the State Comptroller that the plan is justified by the need for short-term relief from rising pension costs and that it is transparent.
Op Ed
Pensions & Benefits
Cuomo’s Reforms Are Perfectly Fair
February 21, 2012
Gov. Cuomo’s proposed “Tier VI” pension formula for future state and local government employees is more than fair by national standards. With New Yorkers now paying more than twice the US average per person for public-employee pensions, it’s time to rein in these costs.
Op Ed
Pensions & Benefits
Finally Retire New York's Overpriced Pensions
January 22, 2012
President Carol Kellermann pens an op-ed urging the legislature to pass Governor Cuomo's proposal to modernize the State's pension system by offering new employees a 401(k)-style option.
Op Ed
Pensions & Benefits
Carol Kellermann: Pension Reform is Highest Priority
January 16, 2012
President Carol Kellermann pens an op-ed urging Governor Cuomo to pursue pension reform in his 2012-2013 Executive Budget.
Op Ed
State Budget
Budget Busters
August 18, 2008
CBC President Carol Kellermann discusses Governor David Paterson's offer of a menu of more than $1 billion in savings proposals from which he challenged legislators to select $600 million worth when they convened in Albany for a special session.
Op Ed
Pensions & Benefits
Paterson Must Veto Pocket-Picking Mandate
June 26, 2008
The Legislature recently passed a bill -- A9393A/S6457A -- that would prevent local officials from achieving savings in the skyrocketing cost of providing health insurance for government retirees and their dependents by prohibiting any reduction in benefits.