Browsing All posts tagged under »pensions«

Speaker pushes minimum wage hike, expresses doubts about Cuomo pension plan

January 31, 2012 by

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Karen DeWitt, ALBANY Assembly Speaker Sheldon Silver continues to push for his bill to increase the state’s minimum wage. In an interview with public radio, the Speaker also expressed reservations about Governor Cuomo’s plan to offer an option of 401 k retirement plans for future state workers. Assembly Speaker Silver has made increasing the state’s […]

Cuomo vetoes school borrowing bill

July 13, 2011 by

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by Karen Dewitt, ALBANY Governor Andrew Cuomo vetoed a bill that would have allowed school districts to borrow up to $1 billion dollars against the worth of their pension funds, saying it would be fiscally irresponsible and reckless. The bill, which surfaced late one evening during the final days of the legislative session, was rapidly […]