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New York lawmakers pass sweeping pension cuts
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| Contributor | nystate63 |
| Last Edited | nystate63 Mar 15, 2012 10:42pm |
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| Category | News |
| News Date | Friday, March 16, 2012 04:00:00 AM UTC0:0 |
| Description | New York lawmakers pass sweeping pension cuts
ALBANY, N.Y. -- Future public workers in New York will have their retirement benefits cut under a sweeping pension reform measure passed by state lawmakers.
The measure, aimed at reducing future public worker retiree benefit costs by some $80 billion over 30 years, was approved by lawmakers early Thursday morning after Gov. Andrew Cuomo, a first-term Democrat, struck deals with legislative leaders late Wednesday.
The legislation was tied to a clutch of bills that passed, including measures to expand Las Vegas-style casino gambling and the state's criminal DNA database.
"Without this critical reform, New Yorkers would have seen significant tax increases, as well as layoffs to teachers, firefighters and police," Cuomo said in a statement. |
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