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pensions

By Azi Paybarah 8/15/11 4:26pm

pensions

City Comptroller John Liu told fire fighters their pension deals were "sacred" and should not be "messed with." (photo credit: azi paybarah / observer)

John Liu Vows to Defend Worker Pensions, Gets Standing Ovation

City Comptroller John Liu — who worked out with New York City firemen Saturday yesterday and donned a helmet at their conference today – got a standing ovation when he vowed to protect union pension benefits.

Liu, who is likely to run for mayor in 2013, told the audience gathered at the Hilton this morning, “There are some people in New York City and across the country who have talked about how we can’t uphold the deal we made with our workers.” Read More

By David Freedlander 6/08/11 2:32pm

pensions

Cuomo Introduces Pension Reform Legislation

Andrew Cuomo unveiled pension reform legislation today which he said would save the state $93 billion over the next 30 years.

The bill would create a new Tier VI for future public employees and would lift the retirement age from 62 to 65.  Employees would also be asked to contribute more of their income to Read More