NY to buyout retiree-eligibles

[MSICF]

$20,000 to leave State service. Amazing.
Look at the cost to the state. Amazing.

http://www.timesunion.com/AspStories/story.asp?storyID=806598

[DOCS OCT]

Why do I get the feeling that this is just for the civilians?

[MSICF]

Why do I get the feeling that this is just for the civilians?

I thought the same thing. In the past it's always been that way. The part that struck me is the 8700 number. The same number that they used that included Corrections. It will be interesting on how this plays out. Either way it's contrary to what Paterson has been claiming. His stance has been these cuts have to be immediate because the savings must be immediate. No way the buyouts do that. It will take years for the savings to get realized. Where is the credibility?

[25YearsToGo]

Why do I get the feeling that this is just for the civilians?


It will be.


The deal, the subject of serious discussions in recent days, calls for the unions to endorse a new pension package -- the governor's proposed Tier VSelling out the future hires.

[MSICF]

It will be.

Link? Cite?

[25YearsToGo]

I thought the same thing. In the past it's always been that way. The part that struck me is the 8700 number. The same number that they used that included Corrections. It will be interesting on how this plays out. Either way it's contrary to what Paterson has been claiming. His stance has been these cuts have to be immediate because the savings must be immediate. No way the buyouts do that. It will take years for the savings to get realized. Where is the credibility?

Wouldn't NYSCOPBA been involved in these negotiations if it involved their members?

[25YearsToGo]

Link? Cite?

History repeats itself.

[MSICF]

History repeats itself.

You are evidence of that.

[25YearsToGo]

Hopefully Corrections Officers are included.

If this won't make someone retire than they are even more foolish than I thought.

[DOCS OCT]

In my time in, I've seen incentives for the civilians, but never for Security.
I don't think that this is going to change now or anytime soon.
I hope that I'm wrong, but I've got a gut feeling that I'm not.

[25YearsToGo]

His stance has been these cuts have to be immediate because the savings must be immediate. No way the buyouts do that. It will take years for the savings to get realized. Where is the credibility?

The savings wouldn't take years, the savings would start this budget year.

1)I doubt they are going to hire to replace those who retire.

2) The state will no longer have to pay health benefits. If the buyout was offered for example in July than that would be 9 months the state saved by not paying them.

3). The $20,000 would be a lot less than what we make in 9 months. 20 pay periods x $2200 = $44,000. Granted there are many state workers that make more/less than CO's. I used us for the example.

4) Not to mention the new Tier system would save them billions in the future.

5) If they did hire new CO's to take those who retire place they save money with the new Tier system, plus those 25 year guys making $65k per year would be replaced with guys starting out at $ 34,329.

So the savings wouldn't be immediate but they would be this year. The saving would be huge.

[MSICF]

The savings wouldn't take years, the savings would start this budget year.

1)I doubt they are going to hire to replace those who retire.

2) The state will no longer have to pay health benefits. If the buyout was offered for example in July than that would be 9 months the state saved by not paying them.

3). The $20,000 would be a lot less than what we make in 9 months. 20 pay periods x $2200 = $44,000. Granted there are many state workers that make more/less than CO's. I used us for the example.

4) Not to mention the new Tier system would save them billions in the future.

5) If they did hire new CO's to take those who retire place they save money with the new Tier system, plus those 25 year guys making $65k per year would be replaced with guys starting out at $ 34,329.

So the savings wouldn't be immediate but they would be this year. The saving would be huge.



Then the article is wrong and you're right?
Amazing.

[25YearsToGo]

Then the article is wrong and you're right?
Amazing.

I know.

The lack of common sense nowadays is amazing.

[redstoy]

allow me to state the obvious . its clear you 2 dont get along or want to get along.

there will be a tier v simply because the state is broke right now. like all economies this will change over time and the economy will improve(fingers crossed for sooner rather than later) and when the profits return and the state investments are returning gains again all the jessons learned will be forgotten

[MSICF]

From PEF:

"Under the incentive program, employees who voluntarily leave state service will receive an incentive payment of $20,000.



The incentive payments are not pensionable, and they are subject to the usual taxes and withholdings."



The payments will not impact final average salary nor will it alter the value of payments for accrued but unused leave credits. Additionally, employees who receive the incentive payments will be barred from returning to State employment, in any capacity, for five years.



The incentive payments will be targeted to specific titles chosen by the agency. Since the agency will not be allowed to refill the position for at least one year (if they are allowed to refill at all), it is possible that not all incumbents in a targeted title will be offered the incentive. Where the number of employees in a targeted title exceeds the number of positions the agency wants to eliminate, the incentive will be offered in seniority order. The incentive payments will continue to be available throughout the fiscal year until the agency has met the savings target established by the Division of Budget.



With this agreement, DOB has disapproved all agency plans what relied on layoffs to meet their spending targets. Although they cannot use layoffs to achieve the savings DOB requires, the new incentive program will encourage employees to voluntarily leave state service. Agency Commissioners are also being directed to make liberal use of the Voluntary Reduction in Work Schedule program to help meet their spending targets for the coming years.

[CO1989]

Security staff will NEVER EVER be offered early retirement or buy outs because they would NEVER EVER be able to replace us fast enough!

[25YearsToGo]

Security staff will NEVER EVER be offered early retirement or buy outs because they would NEVER EVER be able to replace us fast enough!

I think the goal is not to replace whoever takes it.

[25YearsToGo]

From PEF:

"Under the incentive program, employees who voluntarily leave state service will receive an incentive payment of $20,000.

Still think the savings wouldn't be in this budget year and for budget years to come?

[25YearsToGo]

Then the article is wrong and you're right?
Amazing.

Gov. Paterson and the state's two biggest labor unions reached a deal yesterday to avoid layoffs and employee givebacks in exchange for buyouts and more modest retirement benefits.

Paterson estimates the deal would save the state $440 million over two years

http://www.nypost.com/seven/06062009/news/regionalnews/gov_union_pension_deal_saving_440m_172836.htm

NYSCOBA should be knocking down the governors door and be asking "What about us?"

I guess you and your newspaper article is wrong.
Amazing.

[25YearsToGo]

Instead, if the new pension tier is created, the age at which newly hired state workers could retire without penalty would rise to 62 from 55.

Workers would have to continue 3 percent pension contributions for 20 years rather than the current 10. They would be vested in the pension plan after 10 years, rather than five.

Of course its screw the new guy. So who cares. :rolleyes:

[MSICF]

Gov. Paterson and the state's two biggest labor unions reached a deal yesterday to avoid layoffs and employee givebacks in exchange for buyouts and more modest retirement benefits.

Paterson estimates the deal would save the state $440 million over two years

http://www.nypost.com/seven/06062009/news/regionalnews/gov_union_pension_deal_saving_440m_172836.htm

NYSCOBA should be knocking down the governors door and be asking "What about us?"

I guess you and your newspaper article is wrong.
Amazing.

Someone should read the whole article.

[DOCS OCT]

One newspaper that I saw today had only CSEA and PEF listed as the unions that would be eligible for the buyout/incentive.

[MSICF]

Paterson estimates the deal would save the state $440 million over TWO YEARS


Thank you for proving my point. Maybe in your world 2 years is immediate but not in mine.

I'm surprised you believe Paterson's numbers. He's right about as often as you are.

[MSICF]

One newspaper that I saw today had only CSEA and PEF listed as the unions that would be eligible for the buyout/incentive.

Aye. Same here. But a different Tiers to just 2 unions and not the rest has never happened.
Do you remember when the State gave Corrections a retirement incentive in the early 90's that gave you an extra years of state service for every 10 worked? Then after 2 weeks they pulled it. I had a friend who actually retired to Florida and had to come back. Talk about ****ed.

[25YearsToGo]

Thank you for proving my point. Maybe in your world 2 years is immediate but not in mine.. So there will be no savings this year and the whole $440 million will be next year? Yeah right. Get your head out of your ***, would ya.

I've already went over how the state is going to save money. How is it so many people lack common sense?

I'm surprised you believe Paterson's numbers. He's right about as often as you are. More right than you are. Just use this thread for an example. You think there would be no savings this budget year. Because this year is not part of the next 2 years. :rolleyes:

[25YearsToGo]

One newspaper that I saw today had only CSEA and PEF listed as the unions that would be eligible for the buyout/incentive.That's because NYSCOBA doesn't have the membership power. That's the main thing we lost when he voted in NYSCOBA, power.

[25YearsToGo]

Personally I think this might get a few more to retire but the people who it really benefits are the ones who were going to retire regardless of an incentive.

[MSICF]

So there will be no savings this year and the whole $440 million will be next year? Yeah right. Get your head out of your ***, would ya.

I've already went over how the state is going to save money. How is it so many people lack common sense?

More right than you are. Just use this thread for an example. You think there would be no savings this year. :rolleyes:

I wonder why the experts disagree with Paterson?

I never said any such thing.

[MSICF]

Personally I think this might get a few more to retire but the people who it really benefits are the ones who were going to retire regardless of an incentive.

Except that's not the way it works. You only get the incentive if your position is targeted.

[MSICF]

That's because NYSCOBA doesn't have the membership power. That's the main thing we lost when he voted in NYSCOBA, power.

No. It's because we were in arbitration and didn't have anything to give back.

[25YearsToGo]

I wonder why the experts disagree with Paterson?
What experts? Just because people have an opinion doesn't qualify them as an expert.

That must make me an expert.


I never said any such thing.

Thank you for proving my point. Maybe in your world 2 years is immediate but not in mine.

[25YearsToGo]

Except that's not the way it works. You only get the incentive if your position is targeted. And some of those positions that targeted don't have people that were going to retire regardless of an incentive?

[25YearsToGo]

No. It's because we were in arbitration and didn't have anything to give back.


Right, I wonder if NYSCOBA even knew this $20,000 incentive was being negotiated with other unions before it was printed in a newspaper.

[MSICF]

What experts? Just because people have an opinion doesn't qualify them as an expert.

LOL You didn't read any of the articles.

[MSICF]

Right, I wonder if NYSCOBA even knew this $20,000 incentive was being negotiated with other unions before it was printed in a newspaper.

NYSCOPBA knew there were talks going on.
We had no contract to renegotiate. What's so hard to understand about that?

[25YearsToGo]

NYSCOPBA knew there were talks going on.
We had no contract to renegotiate. What's so hard to understand about that?

Right, sure they did. :rolleyes:

Damn, here I thought we were just going through arbitration and would have thought something as major as this would have came up, guess not.

Might as well wait 3 years like we do for everything else.

[25YearsToGo]

LOL You didn't read any of the articles.


Again, what qualifies anyone as an expert?

[Hack4NYS]

Any updates to this thread?? I can't believe I missed this one. Can you imagine the Sweet A** bid I would have if the first page retired!! Woo Hoo! Tower 2 here I come!!

[DOCS OCT]

Any updates to this thread?? I can't believe I missed this one. Can you imagine the Sweet A** bid I would have if the first page retired!! Woo Hoo! Tower 2 here I come!!

Security was never going to be included in this.
And we still aren't.
So, bide your time and wait for a good bid like the rest of us had to.;)

[CO1989]

ha ha ha ha yea, they won't include us in this because they wouldn't be able to replace us fast enough! Nothing like being an excellent employer, treating your people so well that they want to stay longer!

[MSICF]

ha ha ha ha yea, they won't include us in this because they wouldn't be able to replace us fast enough! Nothing like being an excellent employer, treating your people so well that they want to stay longer!

I sense a scam here. Has anyone heard of a "targeted position" yet? AFAIK I haven't heard of a buyout yet.

[toughco60]

Any updates to this thread?? I can't believe I missed this one. Can you imagine the Sweet A** bid I would have if the first page retired!! Woo Hoo! Tower 2 here I come!!

Yeah, why do you think we have so much money in our pension piggy bank.Because dummies with 25 don't friggin retire.They just keep hanging around and hanging around clogging up the system till they end up dead screwing themselves out of their pension.For what?so they can walk around and get any bid they want.Got two years to go baby and I'm out.;) You can have any bid you want

[MSICF]

Yeah, why do you think we have so much money in our pension piggy bank.Because dummies with 25 don't friggin retire.They just keep hanging around and hanging around clogging up the system till they end up dead screwing themselves out of their pension.For what?so they can walk around and get any bid they want.Got two years to go baby and I'm out.;) You can have any bid you want

I'll work as long as I want. My reasons are my own.

[25YearsToGo]

Because dummies with 25 don't friggin retire.They just keep hanging around and hanging around clogging up the system till they end up dead I hope I can retire in 25 years. Hopefully I don't make a mistake in life that will force me to not retire.
That's the many reason we don't retire, we made a mistake somewhere along the way.

Why isn't the person who got hired in 1964 retired? Come on now.:rolleyes:

[MSICF]

Why isn't the person who got hired in 1964 retired? Come on now.:rolleyes:

Because they want to? Maybe just to **** you off?
It's probably none of your business though.

[UnJustBaton]

Is there a maximum age at which you’re forced to retire? There should be or at least a reoccurring phys phit test at a certain age. If your healthy I don’t care if your 104

[RHSJR4201976]

you have to retire at age 70 since that is when you are forced to draw your retirement and Differed comp.