Wednesday, June 3, 2009

Paterson Vetoes Public Pension Sweetener

Veto will save millions

ALBANY-- Governor Paterson today vetoed a public pension sweetener for recently hired police and firefighters. Paterson's veto is a start towards fulfilling his promise to cap New York spending.

Paterson said vetoing the measure extended by the Legislature every two years since 1981 will save millions for local and state governments.

He also said today the veto is part of his effort to modify the public worker pension system he says has become unaffordable for taxpayers.

The Legislature still has the opportunity to override the veto.

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