Claiming its a financial and moral challenge, soon-to-be ex-Governor David Paterson has been doing exit interviews and is stressing the pension crisis as the dilemma plagueing the state and its local governments that participate.
Public employees from the Capital to the smallest town participate in the system which will start imposing larger contribution requirements to fund current benefits.
Typical party dogma is to blame Wall Street, but Mr. Paterson says that's a false claim by unions, and that the financial sector must be a part of the solution.
Look for pension costs to be used as a rationale for higher property taxes, but that must be resisted.
Gov. David Paterson sounds pension alarm: On his last day in office, urges focus on crisis
4 comments:
What isn't he getting enough to suit him?
And The state of New York just spent 30million on more land.
CR, what he is warning about makes perfect sense. Many of the reasons for Paterson's unpopularity have to do with him bringing up subjects that people don't want to hear about. As a good government employee, I don't really care if you want to discuss the skyrocketing costs of retirement programs. But if you were smart, you would listen to the man. He's right.
11;32 is right, In the pataki years he brought about "the pension equity bill" part of it allowed people who work for government not to pay in to their retirement after 10 years.
Post a Comment