An Expensive Pension Enhancement Bill is on the Move

Jun 09, 2014
A bill moving swiftly through the Legislature would reverse recent pension reforms and greatly increase New York City’s pension fund contribution costs. The bill, A9594/S7326, would increase disability pension benefits for police officers hired after July 1, 2009, when a more financially sustainable “Tier III” plan went into effect.

Letter to Mayor on Bill That Would Reverse Pension Reforms

Jun 09, 2014

A bill moving swiftly through the State Legislature would reverse recent pension reforms and greatly increase New York City’s required future pension fund contributions. The bill, A9594/S7326, would enrich disability pensions for police officers hired after July 1, 2009 under a “Tier III” plan.

Benefit Sweetener Scorecard 2014

May 12, 2014
Now that New York State’s fiscal year 2015 budget has been adopted the legislature is moving on to other business. Bills that “sweeten” or enrich public employee pensions and benefits are typically taken up during the last weeks of session. To help curb this costly activity CBC publishes an annual Benefit Sweetener Scorecard.

A Busy Day in Albany

Feb 20, 2013
On February 13th, lawmakers in the New York State Assembly had a busy day: they introduced eight bills enhancing the pension benefits of public employees and retirees. These bills would add at least $1.35 billion in costs to State and local employers.

New York State’s Pension Plan

Mar 13, 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.

Another Promising Sign

Jul 13, 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.

New York State Legislators Introduce Bills to Increase the Cost of Public Employee Pensions

Apr 11, 2011

The CBC today released an analysis of bills recently introduced by New York State legislators that would increase the already-skyrocketing cost to taxpayers of retirement benefits for State and local employees. These bills, all introduced in the current legislative session, come despite the high tax burden in&n

2011 Benefits Sweetener Scorecard

Apr 11, 2011
For the past five years, the CBC has monitored bills introduced in the State Legislature to enhance the pension benefits of New York’s public employees, grant costly protections to retiree health insurance benefits, and make fiscally imprudent changes to the funding of the State’s pension systems. This year, even as elected officials worked to pass a budget to restrain State spending, more than 55 such bills have been introduced.

An End to Business As Usual

Apr 11, 2011

State leaders have seized the opportunity presented by the unprecedented budget deficit to implement long-term solutions that will help restore the State’s fiscal strength. While the budget negotiations signaled a change in Albany’s working dynamics, some old habits die hard; indeed, some just won’t die at all.

Sickening 'Sweeteners'

Jun 29, 2010

Pension contributions this year will cost the state government alone $1.7 billion in fiscal year 2010-11 -- an amount already set to grow 85 percent, to $3.2 billion, by 2014. How much higher must it go before the Legislature puts the taxpayers ahead of special interests?

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