Is the new "pension reform" really reform? - New York News

Is the new "pension reform" really reform?

Posted: Updated:
PHOENIX -

Phoenix voters overwhelmingly approved a change to the city's pension program under three propositions titled pension reform, but there's criticism that the reform does little to actually change the system for the thousands of city employees.

Mayor Greg Stanton was thrilled with the turn out and the vote that will change the pension model for new employees hired after July 1.

The new pension plan is modeled after that of state workers pension that many say is expensive, flawed and due for an overhaul.

"It's not pension reform and I think there's a considerable amount of damage done because the public was mislead into believing it was pension reform," said Councilman Sal DiCiccio.

DiCiccio is a critic of the plan, saying it is like using a band-aid to treat a heart attack.

"True pension reform would have put a taxpayer cap...so it protected the taxpayer on liability..this didn't do that.. we tried to get that through, the Mayor and others fought that because the unions were fighting that part of it too."

But Mayor Stanton, who had strong union support during his election says this is a good start to reform.

"I'm aware that some people are going to criticize what was put on the ballot as not strong enough, criticize it as being too strong..I think a fair way of describing it was that our pension reform was a balanced approach..it was balance," he said.

"It provides some savings, so it's hard to vote against, so when people go out there and say, well gosh it passed by big numbers..well it's who's gonna vote against it when it saves a little bit. ..it moves the ball like this much in a field of about 100 yards," said DiCiccio.

DiCiccio says it doesn't even being to scratch the surface of the problem.

"So literally all of the protections that should have gone in on this plan here for the voters didn't happen and the voters weren't given an opportunity to decide between different plans. They were just given one plan."

Stanton adds, "I think you are underestimating the voters of the city of Phoenix. Those who voted are really smart, sophisticated people. They are not..I'll leave it at that."

"I think the voters are intelligent, they just weren't given a choice. They weren't given true pension reform," said DiCiccio.

The city of Phoenix has a debt of over $1 billion on its pension plan that's not funded yet, according to DiCiccio.

He says a true reform will only come through a citizen initiative that will likely encompass statewide pension reform.

  • Local NewsLocal NewsMore>>

  • Andy Golub's NYC Bodypainting Day

    Andy Golub's NYC Bodypainting Day

    Wednesday, July 30 2014 10:43 PM EDT2014-07-31 02:43:52 GMT
    The saying art is autobiographical takes on a whole new meaning when your canvas is a fully nude human body, as it is for artist Andy Golub. Andy along with 30 other artists and 45 Technicolor models paraded around several Manhattan hotspots over the weekend for NYC Body Painting day. Believe or not, this is completely legal in New York City.
    The saying art is autobiographical takes on a whole new meaning when your canvas is a fully nude human body, as it is for artist Andy Golub. Andy along with 30 other artists and 45 Technicolor models paraded around several Manhattan hotspots over the weekend for NYC Body Painting day. Believe or not, this is completely legal in New York City.
  • Protestors rally against NYPD's 'broken windows' policing

    Protestors rally against NYPD's 'broken windows' policing

    Wednesday, July 30 2014 10:07 PM EDT2014-07-31 02:07:39 GMT
    Emotions about police brutality were still raw at a protest in Harlem Wednesday night. Eric Garner died after police put him in an apparent choke hold. Cops stopped garner for the minor offense of selling loose cigarettes in Staten Island. Officers had been enforcing the so-called broken windows policy.
    Emotions about police brutality were still raw at a protest in Harlem Wednesday night. Eric Garner died after police put him in an apparent choke hold. Cops stopped garner for the minor offense of selling loose cigarettes in Staten Island. Officers had been enforcing the so-called broken windows policy.
  • Fatal skydiving accident on Long Island

    Fatal skydiving accident on Long Island

    Wednesday, July 30 2014 9:13 PM EDT2014-07-31 01:13:49 GMT
    Police on Long Island say one person has died and another has been seriously injured in a skydiving accident. Riverhead police say it happened at about 4 p.m. Wednesday at Skydive Long Island in Calverton. Police say the injured person was airlifted to Stony Brook University Hospital in critical condition.
    Police on Long Island say one person has died and another has been seriously injured in a skydiving accident. Riverhead police say it happened at about 4 p.m. Wednesday at Skydive Long Island in Calverton. Police say the injured person was airlifted to Stony Brook University Hospital in critical condition.
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 | Terms of Service | Ad Choices