Skip Navigation

NCPR is supported by:

News stories tagged with "pensions"

NY pension fund estimate reaches $176 billion

ALBANY, N.Y. (AP) New York's comptroller is expected to announce Monday that the pension fund for state and local government workers has reached a record high of $176.2 billion after paying benefits.

Comptroller Thomas DiNapoli is sole trustee of the Common Retirement Fund showing a 13 percent return on investment in the fiscal year that ended March 31.  Go to full article
Massena Memorial Hospital. Photo:
Massena Memorial Hospital. Photo:

Group fights Massena hospital privatization

Efforts to privatize Massena Memorial Hospital are facing opposition. The hospital is currently owned by the town of Massena. Hospital leaders want to privatize, in large part to save money on state pension costs.  Go to full article

Comptroller says state pension fund looks good

New York State Comptroller Tom DiNapoli says the state's pension fund has "successfully weathered" another economic storm. He reports returns are the highest since global market meltdown of 2008. In Albany, Karen DeWitt has the details.  Go to full article

Comptroller says pension plan won't save NY money now

Governor Cuomo and lawmakers are deliberating behind the scenes on their remaining disagreements over the state budget. Meanwhile unions and others have expressed doubts about a recently approved pension reform plan.  Go to full article
Governor Cuomo speaking with reporters in his office Thursday
Governor Cuomo speaking with reporters in his office Thursday

Public worker unions furious over late-night pension deal

The overnight session of the state legislature this week, where pension reform and other items were passed after weeks of contention, has left public worker unions, and even some lawmakers, fuming. Meanwhile Governor Cuomo says it had be done that way. In Albany, Karen DeWitt has more:  Go to full article

Cuomo says he'll push through pension changes if legislature won't agree

Governor Andrew Cuomo is threatening to force pension reform through the state legislature if it doesn't agree to his proposals as part of the state budget. In Albany, Karen DeWitt reports.  Go to full article
The road to hell is paved in amortizing pensions.

As budget due-date draws closer, pension reform still a major sticking point

Pension reform remains a tough issue as budget talks between Governor Cuomo and the legislature enter the last month before the April deadline.

Mayors and local officials pleaded their case for reform this week. Unions oppose the governor's plan, and state lawmakers are divided. Karen DeWitt reports.  Go to full article
Itís not a philosophical debate. Itís about saving money.

Citing high costs, local leaders support Cuomo's pension reform plan

New York City Mayor Mike Bloomberg and mayors and county leaders from around the state came to the state Capitol to support Governor Andrew Cuomo's push for pension reform. They say they are "crashing and burning" under the rising costs. In Albany, Karen DeWitt reports.  Go to full article
I think counties would probably love if the state would take over the whole costs for Medicaid. But this is a realistic approach.

NC reps reactions mostly positive on pensions, Medicaid costs and schools

Gov. Cuomo now turns his spending plan over to the legislature. Some of Albany's most powerful interests are gearing up for a fight. During the address yesterday, Cuomo again took aim at what he calls the status quo in Albany, demonizing some of its most powerful labor unions.

Cuomo admitted the reforms he envisions will be wrenching, but he said the people will be supportive. He called it "the people's agenda."

North Country representatives were generally supportive yesterday. Martha Foley has reaction to Cuomo's proposals on pension reform, relief for county Medicaid costs, and education.  Go to full article

Cuomo seeks savings in smaller pensions

Governor Andrew Cuomo has introduced a new pension reform bill that would save money by offering diminished pension benefits to future state employees. Karen DeWitt reports from Albany.  Go to full article

1-10 of 12  next 2 »  last »