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Last updated on May 16, 2013 New Report: Binding Arbitration Ignores Fiscal and Economic Reality, Forces Higher Taxes
The Empire Center for New York State Policy has released a compelling report documenting the fact that even after the onset of the Great Recession, binding arbitration panels continue to mandate salary increases far in excess of inflation. Since the beginning of binding arbitration for police and fire union contracts in 1974, average salaries for members of the state Police and Fire Retirement System have risen nearly three times faster than average salaries for other types of employees outside of New York City. The report, which reviewed 136 interest arbitration awards issued from 2003 through 2012, also provides stark evidence that binding arbitration panels have largely refused to increase employees’ share of rapidly rising health insurance costs. For a copy of the full report, click here. New GAO Report on State and Local Government Fiscal Outlook NYCOM NewsMay 3, 2013
Click here for further information.
ATTENTION ADVERTISERS Click here to view rates, discounts, deadlines and to fill out your 2013-14 contract.
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NYMIR is a non-profit property and casualty insurance program for New York's local governments. Established and endorsed by the New York State Conference of Mayors, Association of Counties and Association of Towns, it is the State's largest underwriter of municipal property and casualty risk, with more than 600 city, village town and county subscribers. |
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