The Daily News reported Tuesday that New York's unions are pushing back against Gov. Andrew Cuomo's plan for pension reform, which the governor says could save the state nearly $100 billion over the next 30 years.
“It’s time to rebuild the middle class, not attack what’s left of it,” an AFL-CIO commericial says, regarding Cuomo's plan, which includes raising the retirement age from 62 to 65 and offering new employees a 401k plan instead of a state pension.
Cuomo's plan would also exclude overtime when calculating an employee's final average salary to determine his/her pension. The provisions would only apply to new employees.
Read the full plan here. Do you support the governor's pension reform plan? Vote in the poll below and share your thoughts in the comments.
That is true, but when the counties and towns were flush with money they didn't fund the pension fully. They were granted waivers so when the stock market took a hit they were told they needed to make up the funds. It is never the fault of the taxpayers, but of the politicians that keep getting elected to do as they please. As I stated in my second response, the state and municipal workers didn't light the fire. What the politicians now are doing is pitting one working group against another. Where people chose to work is exactly that, their choice. They will have to live with the results of these choices, good or bad. The other option is to change the systems that control us by choosing honest politicians, and keep changing them so they don't get entrenched. As for private employment, I don't understand why people's minds have been poisoned against unions.
If the deceased person has a widow and family, they receive his or her benefits. My brother died before age 62, and his widow receives his ss.
I agree with you that inflated overtime for certain municipal, county and state workers in their final 3 years is unfair to all the others who do not have this advantage. As a yearly professional state employee, I and others were not given overtime pay. If we had to work overtime we were given compensatory time off. However, I maintain that it is the few who take advantage, who make the headlines and make us all seem greedy. As far as the shortfalls I agree that we the workers and taxpayers are not at fault. To correct problems not of our making on the backs of the workers seems highly unfair.
http://www.palmbeachpost.com/news/west-palm-beach-worker-unions-fight-insurance-hike-2170045.html