Cuomo’s Pension Plan Rejected by New York Assembly Democrats
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New York Assembly Democrats rejected Governor Andrew Cuomo’s proposal to raise the retirement age and offer a 401(k)-type option to future workers in their version of the budget.
The Assembly, controlled by Democrats, approved a plan without the pension changes by 92 to 49 today. The Assembly and the Republican-controlled Senate, which also passed a budget proposal today, will now try to negotiate a deal on a spending plan before March 31. The governor’s pension proposal may still be agreed upon separately from the budget process, said Assembly Majority Leader Ron Canestrari.