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Statement
Pensions & Benefits
Statement on Commissioner Linn's Response to CBC Letter on NYC Health Agreement With the MLC
June 09, 2014
The CBC appreciates receiving Commissioner Linn’s response to CBC President Carol Kellermann’s letter relating to potential savings from health insurance reforms under the recent agreement with the Municipal Labor Committee.
Letter
Pensions & Benefits
CBC Urges Mayor de Blasio to Oppose Bill That Would Reverse Pension Reforms
June 09, 2014
A bill in the State Legislature would reverse recent pension reforms and greatly increase New York City’s required future pension fund contributions. The CBC urges Mayor de Blasio to oppose the supporting home rule message under consideration in the City Council and the bill itself.
Blog
Pensions & Benefits
An Expensive Pension Enhancement Bill is on the Move
June 08, 2014
About the bill to increase disability pension benefits for police officers hired after July 1, 2009, when a more financially sustainable “Tier III” plan went into effect.
Letter
Pensions & Benefits
CBC Proposes Guidelines for Determination of Health Insurance Savings Between City and MLC
Letter to Commissioner Robert Linn
June 05, 2014
This letter suggests guidelines for effective implementation of the agreement between the City and the Municipal Labor Committee to generate $3.4 billion in health care savings between fiscal years 2015 and 2018.
Blog
Pensions & Benefits
2014 Benefit Sweetener Scorecard
May 11, 2014
Reviews initial set of bill that “sweeten” or enrich public employee pensions and benefits introduced in the last weeks of the 2014 session.
Op Ed
City Budget
Issues Remain In Mayor de Blasio's New Budget
May 08, 2014
For months, the biggest fiscal uncertainty for the city has been how Mayor de Blasio would handle negotiations with the municipal unions that have been working without contracts.
Op Ed
Pensions & Benefits
Doulis: City, Teachers’ Agreement Resolves Major Uncertainty Around City’s Financial Plan
April 30, 2014
The tentative agreement between the city and the teachers union resolves major uncertainty surrounding the city's financial plan and ensures some stability in labor relations with a major segment of the city workforce for the next five years.
Op Ed
State Budget
More Bang For NY's Buck
December 27, 2011
As Governor Cuomo prepares his executive budget, he should seek structral changes that slow down the state's most potent cost-drivers (pensions, school aid and Medicaid), halt additional economic development spending and steer clear of budget tricks. Senior Research Associate Tammy Gamerman pens an op-ed for the New York Post.
Blog
State Budget
Balancing the State Budget – Halfway There, But Running Out of Gas?
December 19, 2011
The Governor should avoid more new taxes as the way to close the rest of the budget gap and instead focus on containing spending growth in Medicaid, pensions, education, and economic development.
Blog
Pensions & Benefits
New York City Is Not Alone
November 16, 2011
Reducing the pensions funds' investment target to 7% would be prudent in order to keep the City’s pension funds fully funded, and it would be consistent with changes that have been adopted by other large public pension systems.
Blog
Public Workforce
Another Good Idea to Save the City Money
October 27, 2011
The New York City union welfare funds could also use some "depoliticizing, professionalizing and streamlining."
Blog
Pensions & Benefits
How Much Did New York’s 2010 Early Retirement Incentive Save?
October 25, 2011
The CBC estimates that early retirement incentives saved taxpayers $681 million savings- less than would have been saved if the Governor had been able to achieve through layoffs.
Video
Pensions & Benefits
Robert Steel, NYC Deputy Mayor
CBC Breakfast Series
August 31, 2011
CBC Breakfast with NYC Deputy Mayor Bob Steel in August 2011.
Blog
Pensions & Benefits
Another Promising Sign
July 12, 2011
The Citizen Budget Commission congratulates Governor Andrew Cuomo on his veto of A6309/S4067, the bill that proposed allowing school districts to borrow over $1 billion for pension costs.
Letter
Pensions & Benefits
CBC Urges the Governor to Veto a School District Borrowing Bill
July 11, 2011
CBC sent a letter to Governor Cuomo urging him to veto A6309/S4067, the bill that would allow school districts to borrow an amount equal to 125% of their required 2011 pension contributions and to repay them over 15 years.
Blog
City Budget
New York City’s Adopted Budget: Missed Opportunities
July 05, 2011
In adopting the FY2012 budget, City leaders missed the opportunity to address the big-ticket items – health insurance, pensions and debt service – whose unchecked growth will continue to dominate the budget and result in service reductions and layoffs.
Letter
Pensions & Benefits
CBC Commends State Legislators' Vote Against School District Borrowing
June 29, 2011
CBC sent a letter of commendation to the State Legislators who voted against school district borrowing for pension contributions (A6309/S4067).
Op Ed
State Budget
Improving New York's Fiscal Report Card Further
June 27, 2011
CBC President Carol Kellermann pens an op-ed congratulating the Governor and State Legislature on a productive session, but says more needs to be done on fiscal matters.
Letter
Pensions & Benefits
CBC Inquiry About the Health Insurance Premium Stabilization Fund
June 27, 2011
CBC Letter to Comptroller John Liu asking three questions about the Health Insurance Stabilization Fund (HISF) and calling for an audit.
Blog
Pensions & Benefits
Possible City Savings From Health Insurance Changes
June 19, 2011
Following the template provided by Governor Cuomo and the CSEA can produce $1.4 billion in savings for New York City in fiscal year 2012 – more than enough to avert layoffs and other cuts.