Monday, April 11, 2011

Despite Pension Time Bomb, NYS Legislators Propose Dozens of Pension Sweetener Bills

The Citizens Budget Commission has reviewed the 2011 legislative agenda and found dozens of bills proposed by legislators that would not only undo pension reforms from past years, but would add to an already crippling level of spending that the state simply cannot afford:

pension bills

Most of these are one-house bills, which means that they stand little chance for passage, but it goes to show that support for expanding pensions is alive and well despite the problems with funding pensions at existing levels. Fiscal responsibility is anything but alive and well in the legislature when you've got legislators running around and hoping to overturn pension reforms and want to expand pension benefits (and therefore state obligations) beyond what the state has a capacity to pay with the current tax burden.

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