Cuomo Urges Broad Limits to N.Y. Public Pensions

The New York Times reports:

Gov. Andrew M. Cuomo, joining a parade of officials from around the country who are seeking to rein in spending by limiting public employees’ pensions, proposed Wednesday to broadly limit retirement benefits for new city and state workers in New York.

Wading into one of the most controversial and challenging issues facing state and municipal governments, Mr. Cuomo said New York State and New York City simply could no longer afford to offer new employees the generous benefits their predecessors received.

“The numbers speak for themselves — the pension system as we know it is unsustainable,” the governor said in a statement. “This bill institutes common-sense reforms to bring government benefits more in line with the private sector while still serving our employees and protecting our retirees.”

Mr. Cuomo’s proposal escalates a battle between the first-term Democrat and a major Democratic Party constituency, public-sector labor unions. Unions have been fighting against pension changes around the nation, and in New York they have sparred with Mr. Cuomo over layoffs during contract negotiations, which continue.

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