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Legislative News

“Energy Highway” Plan Moves Forward

Last week, Gov. Cuomo announced that 85 private developers, investor-owned utilities, financial firms and other entities have responded to the New York Energy Highway Task Force’s Request for Information (RFI), submitting 130 proposals to upgrade the state’s energy infrastructure. The Energy Highway Task Force issued the RFI in April, seeking proposals in support of an […]

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Tier VI Legislation Passes

The legislation puts in place a new Tier VI pension plan that includes: •New Employee Contribution Rates: The new tier increases employee contribution rates in a progressive fashion to ensure lower paid state and local workers are not seriously affected. Employee contribution rates vary depending on salary: o $0 – $45,000: 3% o $45,000 –

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