NY pension 'reform' helped by deal with teachers' union
After state lawmakers created a new pension tier for the state's municipal employees on Wednesday, Gov. David A. Paterson and state legislative leaders dubbed it "landmark pension reform" that will save the state $48 billion over 30 years.
But what the lawmakers did not mention was that they agreed to vote on the measure only after Paterson assuaged the union that represents the state's teachers.
The...
