FOR IMMEDIATE RELEASE
June 5, 2009
STATEMENT OF MAYOR MICHAEL R. BLOOMBERG ON GOVERNOR PATERSON’S ANNOUNCEMENT OF AN AGREEMENT TO CREATE A FIFTH PENSION TIER
"Today's historic deal in Albany builds major momentum toward a critically important goal: reining in out-of-control pension costs in New York State and City. The creation of a new pension tier, which our Administration has long been urging, is the only responsible way to address the long-term fiscal health of our City and State. Governor Paterson recognizes this, and I appreciate both his leadership and the fact he has included the New York City pension systems in his plan - which will save City taxpayers billions of dollars.
"This is the second act of exemplary and gutsy leadership from Governor Paterson to get government to live within its means this week, and I look forward to working with the Legislature and our labor unions to adopt this important legislation."
Stu Loeser/ Jason Post (212) 788-2958