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For the sake of completeness -- Cuomo and pensions

If you only read the increasingly paltry print version of the Ithaca Journal, you'll have missed the paragraphs that appear at the end of the original AP story on today's front page, "Cuomo to propose cost-cutting for pensions."  With respect to Cuomo's Tier VI plan for public workers outside New York City (which appears in the "Pension Plan" box in the print version on p. 5A), these paragraphs were cut from the print version although they do appear in the online version at the Journal:

The proposal doesn't replace the traditional public pension with a 401(k) retirement plan common in the private sector, where employees pay far more or all of the contributions.

The Cuomo administration said government contributions to pensions rose as many as 20 times since 2001 for teachers, government workers, police and firefighters.

Suffolk County Executive Steven Levy, who has led the fight for pension reform among counties, recently said now is the time for governments to trade in pensions for 401(k) plans. He has said generous public pensions are unaffordable to taxpayers.

As always, read the comments, too—one commenter is a member of that supposedly nonexistent group of New Yorkers leaving the state for greener, less tax-burdened, pastures.  Just sayin'.

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