NYC stops payment into nonprofits' pension system - New York News

NYC stops payment into nonprofits' pension system

Posted: Updated:

NEW YORK (AP) -- New York is withholding pension payments for cultural institutions and day care centers that have city contracts.

The institutions include the American Museum of Natural History and the Brooklyn Museum.

According to Budget Director Mark Page, the city has not paid into the Cultural Institutions Retirement System this fiscal year.

The decision is based on a review that suggests the number of workers covered by the arrangement was overstated.

The nonprofits had no immediate comment.

The director of the day care workers' union says that's a faulty conclusion. Raglan George Jr. told The New York Times that 1,200 workers let go last year should not have been included in the total.

 

The story was first reported by the New York Post.

  • Your MoneyMore>>

  • Google considers accounts for 10-year-olds

    Google considers accounts for 10-year-olds

    Wednesday, August 20 2014 8:31 AM EDT2014-08-20 12:31:04 GMT
    Kids already spend plenty of time on computers and smart phones. Now Google reportedly wants to get youngsters set up with their own Gmail and YouTube accounts. Some parents told us they aren't thrilled with the idea. Currently, Internet companies such as Google and Facebook do not offer their services to children under 13, but many youngsters and their parents find a workaround.
    Kids already spend plenty of time on computers and smart phones. Now Google reportedly wants to get youngsters set up with their own Gmail and YouTube accounts. Some parents told us they aren't thrilled with the idea. Currently, Internet companies such as Google and Facebook do not offer their services to children under 13, but many youngsters and their parents find a workaround.
  • Facebook tries satire label

    Facebook tries satire label

    Tuesday, August 19 2014 10:32 PM EDT2014-08-20 02:32:56 GMT
    We've all fallen for at least one joke in our lives, probably some internet hoax meant to get a rise out of people. But now Facebook is trying to stop the spread of those fake jokes and stories. When you get the day's headlines from your social media news feed, it can be a challenge to figure out what might be made up or what might be the shocking truth.
    We've all fallen for at least one joke in our lives, probably some internet hoax meant to get a rise out of people. But now Facebook is trying to stop the spread of those fake jokes and stories. When you get the day's headlines from your social media news feed, it can be a challenge to figure out what might be made up or what might be the shocking truth.
  • NJ weighs gambling outside Atlantic City

    NJ weighs gambling outside Atlantic City

    Tuesday, August 19 2014 3:32 PM EDT2014-08-19 19:32:06 GMT
    Momentum to shift some gambling away from Atlantic City increased Tuesday as a state senator introduced plans for a constitutional amendment that would put slot machines at New Jersey's four horse racing tracks, a business group increased its planning for an anticipated full-blown casino at the Meadowlands sports complex and the state gave final approval for the Showboat to shut down.
    Momentum to shift some gambling away from Atlantic City increased Tuesday as a state senator introduced plans for a constitutional amendment that would put slot machines at New Jersey's four horse racing tracks, a business group increased its planning for an anticipated full-blown casino at the Meadowlands sports complex and the state gave final approval for the Showboat to shut down.
  • Local NewsLocal NewsMore>>

  • Prayer service for Atlantic City casinos

    Prayer service for Atlantic City casinos

    Wednesday, August 20 2014 12:28 PM EDT2014-08-20 16:28:08 GMT
    Hundreds of workers who will lose their jobs at three Atlantic City casinos scheduled to close in the next few weeks are looking for some divine intervention. Employees of Revel, the Showboat and Trump Plaza will hold a rally Wednesday night followed by a prayer service at a nearby church.
    Hundreds of workers who will lose their jobs at three Atlantic City casinos scheduled to close in the next few weeks are looking for some divine intervention. Employees of Revel, the Showboat and Trump Plaza will hold a rally Wednesday night followed by a prayer service at a nearby church.
  • Ultimate lemonade stand in Flatiron District

    Ultimate lemonade stand in Flatiron District

    Wednesday, August 20 2014 9:39 AM EDT2014-08-20 13:39:26 GMT
    When 826 NYC, a nonprofit organization that fosters creative writing skills, asked children ages 9-12 to dream up the ultimate lemonade stand, the responses were huge. The winning project of  The Great Lemonation Imagination Collaboration was turned into a real lemonade stand complete with free lemonade in Manhattan's Flatiron District. The organization's members were also required to help run the stand that went up at Broadway and 23rd Street on Wednesday.
    When 826 NYC, a nonprofit organization that fosters creative writing skills, asked children ages 9-12 to dream up the ultimate lemonade stand, the responses were huge. The winning project of  The Great Lemonation Imagination Collaboration was turned into a real lemonade stand complete with free lemonade in Manhattan's Flatiron District. The organization's members were also required to help run the stand that went up at Broadway and 23rd Street on Wednesday.
  • Times Square characters: we don't work for free

    Times Square characters: we don't work for free

    Wednesday, August 20 2014 9:02 AM EDT2014-08-20 13:02:47 GMT
    Times Square characters want to be taken seriously and want their tips. The mostly immigrant workers are now called the Association of Artists United for a Smile and are fighting to protect their jobs, in light of a recent crackdown. Jorge Duran says he stands around for hours, sweating inside a costume, and says it is annoying and unfair if he poses for a good picture and gets nothing.
    Times Square characters want to be taken seriously and want their tips. The mostly immigrant workers are now called the Association of Artists United for a Smile and are fighting to protect their jobs, in light of a recent crackdown. Jorge Duran says he stands around for hours, sweating inside a costume, and says it is annoying and unfair if he poses for a good picture and gets nothing.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices