Throughout New York state this week, activists posing as Wall Street tycoons will be visiting the offices of Democratic County Executives to thank them for endorsing Governor Andrew Cuomo’s plan to slash the public pensions of teachers, nurses and firefighters …
Binghamton’s pension costs have increased significantly in the last decade, so you might expect me to support the 401(k)-style retirement plan now on the table in Albany. But I don’t. – See more at: http://www.dukesblotter.com/2012/02/pension-national-guest-viewpoint-401ks.html#sthash.jqtW4gYl.dpuf
In the pension debate, it seems that the facts can’t hold a candle to a well-worn narrative.
Assembly Speaker Sheldon Silver has raised the prospect of supporting some pension changes this year — but nowhere near the sweeping reforms Gov. Cuomo seeks.
Few public policy debates seem to have as many fundamental misunderstandings as the one over public employee pension benefits.
Funding for public pension plans accounted for just 3% of state and local government spending in 2009, the most recent data available, according to a report from the National Association of State Retirement Administrators.