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New York legislature ducks Cuomo's pension-cut plan for now
Source: Reuters
New York legislature ducks Cuomo's pension-cut plan for now
Mon Mar 12, 2012 8:03pm EDT
(Reuters) - New York State Governor Andrew Cuomo's plan to reduce pension benefits for new hires was left out of separate budget plans presented by both houses of the legislature on Monday, a temporary victory for public unions opposing Cuomo's cuts.
Public workers unions have attacked the Democratic Governor's plan to reduce how much municipalities spend on pensions by $79 billion over 30 years. Unions also oppose his plans to raise retirement ages, increase employee contributions and exclude overtime from benefit calculations.
Michael Whyland, a spokesman for Democratic Assembly Speaker Sheldon Silver, said by telephone that discussions were being held with the Democratic governor on his pension cuts.
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Mon Mar 12, 2012 8:03pm EDT
(Reuters) - New York State Governor Andrew Cuomo's plan to reduce pension benefits for new hires was left out of separate budget plans presented by both houses of the legislature on Monday, a temporary victory for public unions opposing Cuomo's cuts.
Public workers unions have attacked the Democratic Governor's plan to reduce how much municipalities spend on pensions by $79 billion over 30 years. Unions also oppose his plans to raise retirement ages, increase employee contributions and exclude overtime from benefit calculations.
Michael Whyland, a spokesman for Democratic Assembly Speaker Sheldon Silver, said by telephone that discussions were being held with the Democratic governor on his pension cuts.
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Read more: http://www.reuters.com/article/2012/03/13/us-newyork-budget-idUSBRE82B1G620120313
