About NYS Leaders for Pension Reform About NYS Leaders for Pension Reform

Mayors and county executives from across New York State, representing more than 15,000,000 New Yorkers, have formed a bipartisan coalition to address the crisis of skyrocketing pension costs. New York Leaders for Pension Reform is campaigning across the State to ensure that state legislators understand the importance to local governments of passing Governor Andrew M. Cuomo's reform plan to get pension costs under control without reducing retirement benefits for a single existing public employee.

Taken together, annual pension costs to local governments across the State have gone from $1.7 billion in 2002 to $12.5 billion today – an increase of more than 630%. Despite opposition to reform by Comptroller DiNapoli and others, members of the coalition know first-hand how runaway local pension payments have already significantly reduced localities' ability to fund education, public safety, social services, economic development and other services – and how skyrocketing costs threaten to force severe budget cuts or tax increases in the years ahead. That is why local government leaders are demanding action from the Legislature now.

Governor Cuomo's plan will create a new tier of pension benefits for yet-to-be-hired employees who are participating in the New York State and New York City retirement systems. Existing employees and retirees will be unaffected. The new plan would reasonably raise the retirement age for newly hired employees, and exclude overtime from the formula used to calculate the final average salary for pension payments. Further, the proposal would provide employees with the option of participating in a defined contribution plan – similar to plans common in the private sector – that some employees may decide is a better choice for their individual career path.

The Governor's plan is the right one for our future. It will both protect taxpayers and ensure secure retirements for public employees. Please contact your State Senators and Assembly Members today and urge them to support pension reform now.


Pension Payments from Coalition Cities/Counties

Pension Payments from Coalition Cities/Counties

March 4, 2012
New York Leaders for Pension Reform Releases New Data on Substantial Value of New York City Employee Pensions and the Costs to the City (PDF)


February 22, 2012
Mayors and County Executives from Across New York States Announce New York Leaders for Pension Reform (PDF)


 

New York State's pension costs are unsustainable. That's why leaders across the State support Governor Cuomo's common sense plan to protect taxpayers and control costs – without diminishing retirement benefits for a single existing employee.

Join New York Leaders for Pension Reform and urge legislators in Albany to take action now to reform the pension system for future generations. Add your information below to join the effort:

County Executive Robert P. Astorino
Westchester County

County Executive Steve Bellone
Suffolk County

Chairman of the County of Board of Supervisors Douglas Berwanger
Wyoming County

Mayor Michael R. Bloomberg
New York City

Mayor Noam Bramson
New Rochelle

County Executive Maggie Brooks
Monroe County

County Executive Edward A. Diana
Orange County

Mayor Jeff Graham
Watertown

Legislature Chair Mary Pat Hancock
Genesee County

Mayor Shawn Hogan
Hornell

Mayor Gerald D. Jennings
Albany

Mayor Donald M. Kasprzak
Plattsburg

County Executive Joanne M. Mahoney
Onondaga County

County Executive Edward P. Mangano
Nassau County

County Executive Daniel P. McCoy
Albany County

Mayor Stephanie Miner
Syracuse

Borough President James P. Molinaro
Staten Island

County Executive Marcus J. Molinaro
Dutchess County

Mayor William D. Nelson
Ogdensburg

Mayor Robert A. Palmieri
Utica

County Executive Anthony J.
Picente, Jr.
Oneida County

County Executive Mark Poloncarz
Erie County

Chairman Martin Reid
Rensselaer County Legislature

Mayor Thomas S. Richards
Rochester

Mayor Thomas M. Roach
White Plains

Mayor Samuel Teresi
Jamestown

County Executive C. Scott Vanderhoef
Rockland County

















For more information about
New York Leaders for Pension Reform, please contact:
info@nyleaders.org.