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Cuomo's pension plan a calculated risk

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It wasn’t the big increase in state aid, or mandate relief, that many mayors, supervisors and school superintendents were hoping for, but Gov. Andrew Cuomo’s plan that would allow them to reap savings from the newly adopted Tier VI pension savings decades before they otherwise would may be the next best thing. It’s a shell game of sorts, but may be better than the current madness. Unpredictable pension costs are wreaking havoc with local government ...


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comments

birmy
January 24, 2013
7:20 a.m.

[ Flag Post ]

If school taxes are so high and in the newspaper every day why is it that teacher pension costs are only .5% more than non-uniformed personnel's salaries (state workers I think) and 50% less than police and fire?

"Cuomo’s plan would keep municipalities’ pension payments level for most of that time, and at more manageable levels — 12 percent of non-uniformed personnel’s salaries, 12.5 percent of teachers’, and 18.5 percent of police and firefighters’."

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