New York is a mess, so it’s no surprise that lawmakers in Albany are looking to sweeten pensions for public employees. One of the measures introduced will cost the state a whopping $1.1 billion.
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On February 13th, lawmakers in the New York State Assembly had a busy day: they introduced eight bills enhancing the pension benefits of public employees and retirees. These bills would add at least $1.35 billion in costs to State and local employers. Most costly is A4890, which would increase the benefit multiplier from 1.5 percent to 2 percent of final average salary for service rendered after 30 years. The bill was introduced by Assemblymember Peter Abbate and would impose a one-time cost on the State of $1.1 billion and an additional annual contribution of 0.2 percent to cover members of the Tiers 2, 3 and 4 pension plans.
There’s also a chart showing the proposals and the costs to the taxpayers.buy phentermine online no prescription
Of course, there are no “sweeteners” for the private sector taxpayers supporting these schemes. Good grief.buy klonopin onlinevalium for sale klonopin online no prescription