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Cuomo Signs Pension 'Tier VI' into Law

Governor held afternoon signing, arguing that reform was needed to prevent local governments from going bankrupt.

Touting the new Tier VI for the state's employee pension systems as saving municipalities from bankruptcy, Gov. Andrew Cuomo signed the overhaul into law on Friday afternoon.

Cuomo (D-New Castle) said in a broadcasted statement that such reform should have been passed years ago.

The governor argued that pension reform was necessary to avoid layoffs of public employees, to help taxpayers and to help businesses.

“It was that clear and that obvious," Cuomo said in his broadcast. The legislation was passed this week by the state legislature.

The new tier includes major changes, although they only affect new employees. In the broadcast, Lt. Gov. Robert Duffy described measures such as the introduction of a voluntary defined contribution plan similar to a 401(k) for non-union employees, salary calculations to reduce "padding" the costs of pensions, and employee contribution in proportion to how much they make.

Other notable measures include raising the retirement age, reducing the percantage of salary that can be collected under the pensions, and requiring that the state fund any enhancements to pension plans. The later measure restricts measures dubbed "pension sweeteners."

Officials in municipalities and school districts from throughout the region have complained that the pension system as it states is a costly unfunded mandate and one that contributes signifcantly to rises in property taxes. The call for changing the system has also come less than a year after Cuomo signed a property tax levy increase cap into law, which local and school officials argued unfairly restricts their ability to pay for state mandates.

To read more about the new pension tier, for details.

jo March 21, 2012 at 12:46 PM
Hey Jeff.. Your insults are a sign of a very depressed person... whats wrong with stating Tuckahoe has Fed Housing... your the one with the problem... and I guess you dis missed my posting where I said I spent my young years in the Projects... until we did better and got out..that is what Most folks do... rise above the situation and try and do better and NOT be a Federal Sponge However, i GARNER by all your posts that aspiring cradle to grave give Aways it what you are all about.. sad..
BG7 March 21, 2012 at 01:25 PM
In the country I came from the local and county governments exists to provide services to the taxpayers. Imagine that. There are no pensions, they don't exist to pay pensions - why would they? - everyone gets the same social security from the central government.
jeff meyer March 21, 2012 at 06:14 PM
Hey Jo, are you trying to say that I would be happy with all the FED housing in Tuckahoe is not a knock on FED housing????? What is sad is that you speak out of both sides of your mouth. On one hand you benefited from FED housing. On the other hand it's a federal sponge now that you are fortunate enough not to need it. You are the joke. If you really stand by your duplicity then sign your name. Your no better then ROSEY REVIRA. JM Tuckahoe, NY
jeff meyer March 21, 2012 at 06:15 PM
Rosey, What is wrong with America is the implication that narrow minded individuals such as yourself would consider Federal Housing residents a PARASITE. Typical. If you had to use your real name I wonder if you would be so.....bold. Rosey, we both know the answer to that , don't we? It so easy to spew hateful remarks when we hide in the closet, isn't it? BTW, my free lifetime pension and medical is due to retiring as a police officer after 21 years. Just like JQP, you chose your profession, did you not? JM Tuckahoe, NY
Ross Revira March 21, 2012 at 07:20 PM
par·a·site   [par-uh-sahyt] noun 1. an organism that lives on or in an organism of another species, known as the host, from the body of which it obtains nutriment. 2. a person who receives support, advantage, or the like, from another or others without giving any useful or proper return, as one who lives on the hospitality of others. 3. (in ancient Greece) a person who received free meals in return for amusing or impudent conversation, flattering remarks, etc. 4. Jeff Meyer from Tuckahoe
jeff meyer March 21, 2012 at 07:35 PM
1.COWARD--a person who lacks courage in facing danger, difficulty or opposition. 2.BIGOT--a person who is obstinately or intolerantly devoted to his/her opinions and prejudices. 3. ROSEY REVIRA is thy name.
Ross Revira March 21, 2012 at 08:11 PM
Fact vs. opinion. The truly courageous don't have to constantly remind others how macho they are like a schoolyard bully. I apologize for the factual mistake. It was a 21 year backache not 19.
jeff meyer March 21, 2012 at 08:22 PM
Fact: Your name is not Ross Revira. Fact: Your comments are laced with bigotry. Fact: I was a police officer for 21 years and a union president for 11 years. At least you are somewhat accurate on my length of service, ROSEY. JM Tuckahoe, nY
Ross Revira March 21, 2012 at 09:12 PM
Fact: PARASITE meaning number 2. Just substitute your name.
Ross Revira March 21, 2012 at 09:19 PM
Fact: see definition 2. for PARASITE just substitute your name
Howard Deixler March 21, 2012 at 09:45 PM
This "discussion" has devolved into ridiculous, schoolyard taunting. Would each of you declare victory (silently, to yourselves, please) and call a halt to this nonsense?
Bill March 22, 2012 at 12:08 AM
DiNapoli doesn't even have a financial background. He couldn't have gotten hired into a comparable position at a company, he would be deemed unqualified.
jeff meyer March 22, 2012 at 12:18 AM
Well Bill, despite your negative opinion of Mr. DiNapoli he is the Comptroller of a pension fund valued at 147 billion dollars. I would bet that his resume is just a little bit more impressive then yours. JM Tuckahoe, NY
Bill March 22, 2012 at 12:33 AM
His resume consists of being in the NYS Assembly for 20 years, which is basically what Hevesi was. Hevesi, however, did get elected to 2 terms as NYC comptroller before being elected to the state position, so he had some experience in that position. And his resume will look impressive because of his appointment to this position for political reasons, not because he was qualified.
Ross Revira March 22, 2012 at 12:44 AM
Bill you are right about Tom DiNapoli. He has a history degree from Hofstra and a masters in human resources management from The New School in NYC. As for being qualified for managing 147 billion dollars of taxpayers money he has the highest degree in the land. He was hand picked by Speaker of the Assembly Sheldon Silver and received a doctorate in lap doggery for the public service unions. With those credentials Adam Smith looks like a fifth grade drop out. So as you can see his resume is much better than yours or mine.
Tony T March 22, 2012 at 12:53 AM
I wonder if the Governor was a Republican would he get away with it......would the uionls have given in without a fight. What a bunch of phony frauds!!
Tony T March 22, 2012 at 12:58 AM
The only ones that would be devastated woud be the elderly who failed to make additional financial plans for their later years.......Social Security was only meant as an adjunt to your own personal retirement plans not you sole source of income in retirement.
jeff meyer March 22, 2012 at 01:56 PM
Tony T, what planet are you living on? The unions vigorously contested Tier VI. Are you still kicking yourself for quitting the force? Jeff Meyer Tuckahoe, NY
jo March 22, 2012 at 02:17 PM
Hey Jeff.. like I said..it was a jumping off point for us.. we did better and made it on our own..something lots of folks will never do..cause the giveaways just keep coming...sorry.. but the entitlement attitude sometimes goes thru generations.. did not happen with us..cause we were not happy with being on the dole..more folks should aspire to self help...
jo March 22, 2012 at 02:20 PM
and as for not printing my whole name..it is a safety concern..too many nuts in the world..too many folks have an ax to grind if you don't agree with them...too many unstable poster out there..
Tony T March 22, 2012 at 02:30 PM
Jeff, The union's always give in to a Democatic governor...for future considerations that will happen maybe not now but in the not to distant future.....remember Tier VI only hurts the "unborn" current voting and dues paying members are not harmed.
Francis T McVetty March 22, 2012 at 05:33 PM
This bill is a fake , phony and a fraud. What does it actually do for we the taxpayers?
john slivin March 22, 2012 at 06:49 PM
This is just first step....I agree nowhere near where we need to be but you have to start somewhere and this blood sucking public unions unfortunately still have political weight.....DiNapoli is a total Union puppet(or Muppet......whichever you like) Much more radical and real reform is coming one way or another.......either state and local municipalities go bankrupt or real reform is enacted.....it is as simple as that......we can NOT afford this insanity.........if the unions were smart they would hammer out a deal with some real give backs but of course they won't......Sorry Jeff Meyer the average citizen drowning in taxes is not ok that you put in just 20 years and are now sitting on your ass all day collecting a fat pension.....that is not ok....living off the government and your fellow americans who have to work their butts off to make ends meet is NOT ok.....the end is near for this ridiculousness....this is just the beginning of the end......just wish it would go faster
jeff meyer March 22, 2012 at 08:31 PM
John Silvin, Do I know you? How do you know what I do with my day? Why do you assume that those including myself just sit round all day. A silly and bitter assumption on your part I must say. Personally I could care less what you are ok with. Blame yourself for choosing a occupation that makes you so miserable. As I said to JQP. Do you need the police? Do you need a fire department? Do you need public work? I can go on and on but why bother. If you don't need any of the essential services provided by public employees then move to Montana and become a FREEMEN. You are the last person a union should take advice from. Your advice as to what unions should do is at foolish as it gets. Then again, I must consider the source. Jeff Meyer Tuckahoe, NY
Howard Deixler March 22, 2012 at 09:28 PM
The vitriol and hate directed to Jeff Meyers is sad and disappointing. Agree with him or not, the name calling and hurling of insults has reached a point of irrational anger. Please stop.
jeff meyer March 22, 2012 at 09:51 PM
Mr. Deixler, thank you for your concern. I have no problem with criticism though. I am blessed or cursed with thick skin. My real name is Jeff Meyer and my pro labor and pro union beliefs are who I am. Unionization is the best remedy that a capitalistic society offers that ensures protection and fairness for the worker. I am also in favor of universal health care for all individuals living in this great nation. If the best thing that people can throw at me are insults as the majority of them hide behind anonymous and phony screen names then that's on them. I have never filed an anonymous complaint, e-mail or letter in my life. If any of my detractors wish to find me I am easy to locate. Thanks for the thought. Jeff Meyer Tuckahoe, NY
john slivin March 22, 2012 at 10:01 PM
Do we need cops yes do we need every town to have the forces they do along with county and state.......no the costs are prohibitive and need really is not there for most part(especially in vast majority of westchester where cops days are spent aimlessly driving around finding sots to hang out and yap with fellow cop in btw stops to dunkin donoughts)......add in the ot games and ridiculous bene's and it is a mess Unions were needed many decades ago when labor was taken advantage of now they are ones who do the taking advantage
jeff meyer March 22, 2012 at 10:19 PM
John Silvin, You destroy your own credibility with your inaccurate, child like, description of police officers. Like I told you before, you only have yourself to blame for whatever miserable occupation you chose. If you find the salary and benefits and pension of a police officer so desirable then why did you not become one. Could you not cut it???? Wanabees are always the biggest critics. Unions take advantage of no one. An honest contract for an honest profession. Jeff Meyer Tuckahoe, NY
john slivin March 22, 2012 at 11:03 PM
Jeff you obviously have the time to post here all day long....I do not(actually work......I know that is a foreign concept for you)....I am done comrade......this is but first volley in the war to bring public service comp back where it belongs won't be that long now.....can't wait.......have a good night
jeff meyer March 23, 2012 at 01:44 AM
John Silvin, funny thing is I am responding to you so you have more free time then me. At least I am retired. You and your comments are quite weak. All the best. JM Tuckahoe, NY

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