Officials: Cuomo to propose cost-cutting pension system
Photo credit: Newsday/J. Conrad Williams Jr. | Governor Andrew Cuomo answers questions from the media after his People First event at the Sondra and David S. Mack Student Center at Hofstra University. (May 16, 2011)
Cuomo's pension proposal
Andrew M. Cuomo
LI's $1.2B pension tab
Gov. Andrew Cuomo will soon announce a proposal for a new, less generous pension system for future state, local and school employees that is designed to save taxpayers $93 billion over 30 years, according to two officials briefed on the plan.
If approved by the Legislature, the proposal would increase the retirement age to 65 for all public employees hired after the law was passed. It would...
