Pensions
Pensions

 

Key Reading: "When the Good Pensions Go Away: Why America Needs a New Deal for Pension and Health Care Reform" (2008) by Thomas J. Mackell Jr.

Authored by

Despite recent uproar about the richness of public employee pension benefits, there has been no serious effort to modify the state constitutional pension guarantee for state and local workers (Article V. Section 7).


ARTICLE V

Officers And Civil Departments

[Membership in retirement systems; benefits not to be diminished nor impaired]

§7. ... 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.

 

NEWS BEHIND THE CONSTITUTION
Newsday
Dan Janison
Sunday, August 14, 2011
Suffolk has become a testing ground in a statewide crackdown on pension violators -- the result of a special arrangement between state Comptroller Thomas DiNapoli and county Comptroller Joseph Sawicki.
Link to Original Source - Link to Cached Version
 
OPINION EDITORIALS ON THE CONSTITUTION
New York Post
Ed Cox
Thursday, December 29, 2011
Yet the governor has the constitutional power to drive pension reform in the budget process (see Article VII of the 1929 amendments to the state Constitution) — and he knows it.
Link to Original Source - Link to Cached Version
 

 

 

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