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Latest from the Blog
Is the Mayor Planning to Defund the Affinity District Partner Organizations?
The NYS budget cycle is April 1 to March 31, if the governor/legislatures fail to reach an agreement the legislature passes a “continuing resolution” to keep the state solvent, meaning the ability to pay bills and pay state employees. Cuomo prided himself on timely budgets, each of Governor Hochel’s budgets has been late and this…
A Primer: Who Manages Our Pensions? How Does the System Work?
In the last Constitutional Convention, in 1938, the phase “…public employee pensions may not be diminished or impaired,” was added to the State Constitution. Changing the constitution requires votes in both houses of the state legislatures in two consecutive sessions followed by a statewide referendum of voters. In other words our pensions are secured by the…
Don’t Worry, Public Employee Pensions are Guaranteed and Safe
After July first, nineteen hundred forty, membership in any pension or retirement system of the state or of a civil division thereof shall be a contractual relationship, the benefits of which shall not be diminished or impaired. (New. Adopted by Constitutional Convention of 1938 and approved by vote of the people November 8, 1938.) The…
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