Finance

Stand Up for Livable Wages
Finance

Stand Up for Livable Wages

March 22, 2013 By Camille Rivera, United NY Executive Director Camille Rivera today released the following statement regarding the reported State budget deal, which includes an incremental increase in the minimum wage to $9 per hour. Coupled with a rumored tax giveaway to large corporations that hire teenage workers, we may see hundreds of thousands…

“The Economic Consequences of A Failed Retirement Policy”
Finance

“The Economic Consequences of A Failed Retirement Policy”

March 15, 2013 By Thomas J. Mackell, Jr., Ed. D. President Association of Benefit Administrators (Delivered before the Annual Educational Conference of TEXPERS, Austin, TX, March 5, 2013) Before I take you through the landscape of our future retirement scenario, let's look for a moment at the rear view mirror at the past decade. This…

New York State Budget Proposal Passed
Finance

New York State Budget Proposal Passed

March 15, 2013
 Assemblyman Luis Sepulveda

 My colleagues and I in the New York State Assembly have passed a 2013-14 state budget proposal that would:     •    Increased education funding     •    Spur job growth     •    Provide economic relief for local governments     •    Protect vital programs that assist New York's most vulnerable residents



House Passes Austerity Bill to Continue FY 2013 Funding
Finance

House Passes Austerity Bill to Continue FY 2013 Funding

March 11, 2013 Diane Cohen Washington DC – This past week the House passed H.R. 988 to continue fiscal year 2013 funding beyond its scheduled expiration on March 27 through the September 30 the end of fiscal year. While it is essential to avoid a harmful, disruptive government shutdown, this bill fails to responsibly address…

DiNapoli Urges Caution As Budget Progresses
Finance

DiNapoli Urges Caution As Budget Progresses

March 11, 2013 By Stephanie West The amendments to the Executive Budget for state fiscal year (SFY) 2013-14 curtailed some risks contained in the originally proposed budget, but the impact from federal sequester cuts represent a risk to the Financial Plan according to a report released by Comptroller Thomas P. DiNapoli.

Assembly Expected To Pass $9 Minimum Wage
Finance

Assembly Expected To Pass $9 Minimum Wage

March 7, 2013 By Stephanie West Indexing Will Protect Low Wage Earners From Future Wage Erosion Speaker Sheldon Silver and members of the Assembly have announce plans to pass legislation (A.38a) to raise the minimum wage in New York to $9 an hour. The legislation includes indexing which will tie future increases to inflation.

Wall Street Bonuses Rose In 2012
Finance

Wall Street Bonuses Rose In 2012

March 6, 2013 By Stephanie West Cash bonuses paid to New York City securities industry employees are forecast to rise by 8 percent to $20 billion during this year's bonus season, according to an estimate released today by State Comptroller Thomas P. DiNapoli.

A Better Financial Aid Package
Finance

A Better Financial Aid Package

March 1, 2013 Jon E Schlueter, President Empire State Planning Group, Inc. If your child is accepted at a college, he or she will get a financial aid award letter that contains: (1) the college's cost of attendance (COA) (this figure is different for every college); (2) your expected family contribution (EFC), which is calculated…

NYS Common Retirement Fund Well Run
Finance

NYS Common Retirement Fund Well Run

February 28, 2013 Susan Smith, LP Albany Bureau Funston’s independent analysis confirms that the New York State Common Retirement Fund is a leader among public pension funds in this country and is setting a standard for transparency and ethics.

Credit Repair Can’t Be Restored Through Non-Profits
Finance

Credit Repair Can’t Be Restored Through Non-Profits

February 19, 2013 Chris Caggiano Unfortunately, not true. And this is why: The purpose of organizations like CCCS is to offer counseling services for consumers who are deeply in debt and seeking to avoid bankruptcy. Credit repair is not their function. Plus, many CCCS' are funded and controlled by – you guessed it – credit…

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