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Sound Off: Do You Support Cuomo's Pension Reform Plan?

Governor says the plan could save almost $100 billion, but unions say it's an attack on the middle class; what's your take?

The Daily News reported Tuesday that New York's unions are pushing back against Gov. Andrew Cuomo's plan for pension reform, which the governor says could save the state nearly $100 billion over the next 30 years.

“It’s time to rebuild the middle class, not attack what’s left of it,” an AFL-CIO commericial says, regarding Cuomo's plan, which includes raising the retirement age from 62 to 65 and offering new employees a 401k plan instead of a state pension.

Cuomo's plan would also exclude overtime when calculating an employee's final average salary to determine his/her pension. The provisions would only apply to new employees.

Read the full plan here. Do you support the governor's pension reform plan? Vote in the poll below and share your thoughts in the comments.

 

 

 

Laurie February 12, 2012 at 12:43 AM
Joan, I agree that when the towns were flush they didn't fully fund the pension. I think as citizens, we can all agree that that was not the right thing to do. Unfortunately, I didn't have a say in their actions. My feelings about the way pension payouts have been negotiated started well before the recession. I am a very practical person and I don't believe that inflating pensions by putting in tons of overtime in the last few working years is fair or sustainable. When I chose to work in the private sector, pensions were being offered. After years of putting in the time, the rules have changed. Why is it that people that work in the public sector expect nothing to change, even with all of the financial difficulties, but the private sector is supposed to accept losing everything? I don't think that the majority of people are poisoned against the unions, as you have stated. I think that we are just tired of the unions asking for and getting more than what is fair for the overall good of the majority.
joan senator February 13, 2012 at 03:59 PM
Laurie, I agree with you that inflated overtime for certain municipal, county and state workers in their final 3 years is unfair to all the others who do not have this advantage. As a yearly professional state employee, I and others were not given overtime pay. If we had to work overtime we were given compensatory time off. However, I maintain that it is the few who take advantage, who make the headlines and make us all seem greedy. As far as the shortfalls I agree that we the workers and taxpayers are not at fault. To correct problems not of our making on the backs of the workers seems highly unfair.
joan senator February 14, 2012 at 12:11 AM
This is another example of top executives taking more for themselves as they penalize their workers. This comes from not so sunny Florida. It seems workers take the brunt all over. Check out this link. http://www.palmbeachpost.com/news/west-palm-beach-worker-unions-fight-insurance-hike-2170045.html
Bill L February 19, 2012 at 08:16 PM
Before politicians vote on an employees retirement benifits they should let the public see theirs. You would be amazed how a politicians makes out if only serving one term. Our politicians should practice what they preach. Shame on them

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