Assembly Speaker Sheldon Silver has raised the prospect of supporting some pension changes this year — but nowhere near the sweeping reforms Gov. Cuomo seeks.
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Few public policy debates seem to have as many fundamental misunderstandings as the one over public employee pension benefits.
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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.
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There is a retirement crisis in our country, but it is not a crisis of one group having too much retirement income. It’s a crisis of other groups having too little.
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CalPERS has a new report that says California Gov. Jerry Brown’s idea to alter pensions with 401(k)-style plans won’t help new workers and won’t save California money, either.
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California Public Employee Relations Board: City Pension Reform Initiative Amounts To Unfair Labor Practice
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