QuoteGOVERNOR PATERSON ANNOUNCES AGREEMENT WITH STATE PUBLIC EMPLOYEE UNIONS
Unions Will Support Most Significant Reform of the State and Local Pension System in 25 Years to Provide Long-term Savings to Taxpayers
Agreement Achieves Workforce Reduction and Necessary Current Budget Year Cost Savings
Governor David A. Paterson today announced that he has reached an agreement with the Civil Service Employee Association (CSEA) and the Public Employees Federation (PEF) that will provide long-term savings to New York taxpayers and achieve immediate workforce savings while avoiding large scale layoffs in a difficult economic climate. In addition, these unions have announced that they will support the Governor's efforts to implement the most significant reform of the state's pension system in more than a quarter century.
"This agreement is a huge win for New York's taxpayers and will lead to the most significant reform of our public pension system in decades," said Governor Paterson. "This is real reform to the pension system which will substantially reduce costs to the taxpayers of New York State."
"I want to thank the union leadership for doing what is right by their workers and New York," said Governor Paterson.
This agreement when fully adopted will save taxpayers approximately $440 million over the next two years, which is approximately the amount that was projected to be saved through the proposed workforce reduction plan announced in March. In addition, the unions will support the imposition of a new Tier V in the Retirement System, a proposal the Governor has championed since last year.
The agreement will also reduce the state workforce by approximately 7,000 positions through a targeted separation incentive, aggressive attrition and the elimination of positions that are funded but are currently vacant. In addition, a voluntary reduction in work schedule will be implemented to achieve cost reductions.
"This agreement means a smaller state workforce, savings for taxpayers, and a new pension tier that provides long-term fiscal stability for the State," continued Governor Paterson. "As I have said from the beginning of this process, my overriding goal was to achieve needed savings and workforce cost reductions, while at the same time avoiding large scale layoffs during the worst economic downturn in a generation. This agreement achieves those objectives in a compassionate and fiscally responsible way."
Key components of the announcement include the following:
Tier V Pension Reform (Net Two-year Savings $25 million). CSEA and PEF will support creation of a new tier of pension benefits ("Tier V") for civilian employees. This reform will provide combined taxpayer savings of approximately $30 billion over the next thirty years for the state and municipalities outside of New York City. The City of New York will also achieve billions of dollars in additional savings.
In accordance with constitutional requirements, these new pension reforms would apply only to future public employees. Key components of Tier V include the following.
* Raising the minimum age at which an individual can retire without penalty from 55 to 62, and imposes a penalty of up to 38 percent for any employees who retire prior to age 62.
* Requiring employees to continue contributing 3 percent of their salaries towards pension costs for their entire careers rather than ending their contributions after 10 years of service.
* Increasing the minimum years of service required to draw a pension from 5 years to 10 years.
* Capping the amount of discretionary overtime that can be considered in the calculation of pension benefits at $10,000 per year.
Workforce Reduction (Net Two-year Savings $260 million). A targeted, one-time $20,000 separation incentive payment will be offered to approximately 4,500 employees. Incentives must be approved by each respective agency and the Division of the Budget and will only be provided to individuals in positions that will be permanently abolished. Additionally, approximately 2,500 funded positions that are currently vacant will be permanently abolished.
Voluntary Reduction in Work Schedule (Net Two-year Savings: $156 million). Each union will be provided with a proportional savings target in line with the size of their respective portion of the workforce, which they will work in concert with their membership to achieve through a voluntary reduction in work schedule.
"I call on the legislature to enact Tier V pension reform before the end of session to provide real property tax relief to New Yorkers," said Governor Paterson.
Woot! I get to keep my job and my raises too! :bowler:
Although, I don't see NYSCOPBA listed, so probably means that the prison system will take a major hit. Which will mean more work for me when they start releasing people to close prisons. :mad:
This looks awful, and I hope you are all exterminated.
The free market at work. :)
So much for solidarnosc. :lol:
And: wtf is "aggressive attrition?"
Is that like the Japanese tactic of sticking some dude you want to fire but can't into a cubicle with no work to do and nothing to look at?
Berkut hates you.
Quote from: Strix on June 07, 2009, 07:13:58 PM
* Raising the minimum age at which an individual can retire without penalty from 55 to 62, and imposes a penalty of up to 38 percent for any employees who retire prior to age 62.
* Requiring employees to continue contributing 3 percent of their salaries towards pension costs for their entire careers rather than ending their contributions after 10 years of service.
* Increasing the minimum years of service required to draw a pension from 5 years to 10 years.
* Capping the amount of discretionary overtime that can be considered in the calculation of pension benefits at $10,000 per year.
Wow, those were some seriously fucked up rules you had before this agreement. No wonder it turned into a crisis. After ten years you didn't even have to contribute anymore? :rolleyes:
Quote from: Razgovory on June 07, 2009, 09:35:27 PM
Berkut hates you.
No way, the Unions finally caved, so all is good in the world.
Granted, they are still getting a free ride for doing little or no actual work, but improvement is improvement.
Quote from: Berkut on June 08, 2009, 02:50:30 PM
Quote from: Razgovory on June 07, 2009, 09:35:27 PM
Berkut hates you.
No way, the Unions finally caved, so all is good in the world.
Granted, they are still getting a free ride for doing little or no actual work, but improvement is improvement.
But it's not like Strix himself caved.... I say you can go on hating Strix as before. As you were, soldier. :)
Hating Strix is like c. It's an universal constant. :)
Quote from: Caliga on June 08, 2009, 02:53:59 PM
Quote from: Berkut on June 08, 2009, 02:50:30 PM
Quote from: Razgovory on June 07, 2009, 09:35:27 PM
Berkut hates you.
No way, the Unions finally caved, so all is good in the world.
Granted, they are still getting a free ride for doing little or no actual work, but improvement is improvement.
But it's not like Strix himself caved.... I say you can go on hating Strix as before. As you were, soldier. :)
But I've never hated Strix. I've always had nothing but good and harmonious feelings towards him. I have no idea why he has been so hateful towards me all this time :goodboy:. I think he is still mad about that Somalia thing, from way back when he first joined languish. :contract:
Quote from: MadImmortalMan on June 08, 2009, 02:42:03 PM
Wow, those were some seriously fucked up rules you had before this agreement. No wonder it turned into a crisis. After ten years you didn't even have to contribute anymore? :rolleyes:
Tier V is only for future hires. Current employees still don't have to contribute after 10.
Quote from: Admiral Yi on June 08, 2009, 03:15:43 PM
Quote from: MadImmortalMan on June 08, 2009, 02:42:03 PM
Wow, those were some seriously fucked up rules you had before this agreement. No wonder it turned into a crisis. After ten years you didn't even have to contribute anymore? :rolleyes:
Tier V is only for future hires. Current employees still don't have to contribute after 10.
I am simply amazed that anyone can find this kind of thing reasonable.
Quote from: Berkut on June 08, 2009, 03:26:54 PM
I am simply amazed that anyone can find this kind of thing reasonable.
You are just mad that your skills are not up to snuff for getting such a good job. Maybe if you had gone to school a bit longer?
This is the free market at work--you'll just have to try harder.
My skills are fine, it is my fear that people will be mad at me for interrupting their dinner that keeps me from making the big bucks.
Quote from: Habbaku on June 08, 2009, 03:28:17 PM
Quote from: Berkut on June 08, 2009, 03:26:54 PM
I am simply amazed that anyone can find this kind of thing reasonable.
You are just mad that your skills are not up to snuff for getting such a good job. Maybe if you had gone to school a bit longer?
This is the free market at work--you'll just have to try harder.
To get those NY government jobs, he'd have to live in or near to NY.
Quote from: dps on June 09, 2009, 09:16:34 PM
To get those NY government jobs, he'd have to live in or near to NY.
:huh:
Quote from: Habbaku on June 09, 2009, 10:34:24 PM
Quote from: dps on June 09, 2009, 09:16:34 PM
To get those NY government jobs, he'd have to live in or near to NY.
:huh:
Fuck, I am so screwed.
Quote from: Berkut on June 10, 2009, 12:15:40 AM
Quote from: Habbaku on June 09, 2009, 10:34:24 PM
Quote from: dps on June 09, 2009, 09:16:34 PM
To get those NY government jobs, he'd have to live in or near to NY.
:huh:
Fuck, I am so screwed.
:lol: Did New York finally break into downstate and upstate? Shit, I must have missed the memo. Which part kept the state name?
Quote from: Judas Iscariot on June 10, 2009, 12:22:30 AM
:lol: Did New York finally break into downstate and upstate? Shit, I must have missed the memo. Which part kept the state name?
It split into the following separate states:
The Former Dominican Republic of Lehman Brothers
Brokelyn
The Flatlands of Babel (aka Queens)
Halsteinbrennerland
The Richmond Garbage Heap
Lon Guyland
The Tax Collector Despotate of Westchester
The Great Northern Wilderness
Quote from: The Minsky Moment on June 10, 2009, 09:11:39 AM
Quote from: Judas Iscariot on June 10, 2009, 12:22:30 AM
:lol: Did New York finally break into downstate and upstate? Shit, I must have missed the memo. Which part kept the state name?
It split into the following separate states:
The Former Dominican Republic of Lehman Brothers
Brokelyn
The Flatlands of Babel (aka Queens)
Halsteinbrennerland
The Richmond Garbage Heap
Lon Guyland
The Tax Collector Despotate of Westchester
The Great Northern Wilderness
I assume The Richmond Garbage Heap has fallen under the influence of New Jersey?