Tuesday, September 16, 2014

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Cuomo Wants Deal On Pension Reform Before April 1 Deadline

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TWC News: Cuomo Wants Deal On Pension Reform Before April 1 Deadline
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Governor Andrew Cuomo says he won't rule out a government shutdown if the state legislature cant find a way to curb skyrocketing pension costs.

Cuomo says a cheaper pension system for new hires in the public workforce is a must.

It falls to the legislature to agree on a deal as part of the budget.

Cuomo, though, could refuse to accept a spending plan without pension reform, a move that could cause a shutdown.

He could also include his changes in an "extender" budget bill if the April 1 deadline is not met.

Cuomo wants to provide an optional 401k plan and cut down on abuses including working extra overtime to increase pensions.

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