NYC stops payment into nonprofits' pension system - FOX 35 News Orlando

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 Money

  • Tuesday, June 18 2013 11:03 PM EDT2013-06-19 03:03:58 GMT
    Facebook, which owns Instagram, is expected to announce this week a new video option for the popular photo app. Most likely the feature will be for shortened video clips.
    Facebook, which owns Instagram, is expected to announce this week a new video option for the popular photo app. Most likely the feature will be for shortened video clips kind of what you see on Vine.
  • Salonella risk

    Tuesday, June 18 2013 9:20 PM EDT2013-06-19 01:20:32 GMT
    Natura Pet Products is voluntarily recalling all Innova, California Natural, EVO, Healthwise, Mother Nature and Karma branded dry pet food and biscuit, bar, and treat products with expiration dates prior to June 10, 2014, because of a positive Salmonella test.
    Natura Pet Products is voluntarily recalling all Innova, California Natural, EVO, Healthwise, Mother Nature and Karma branded dry pet food and biscuit, bar, and treat products with expiration dates prior to June 10, 2014, because of a positive Salmonella test.
  • Chrysler vs. NHTSA

    Tuesday, June 18 2013 2:57 PM EDT2013-06-18 18:57:05 GMT
    Chrysler photo via AP
    Chrysler said it has resolved its differences with the government and will recall older Jeep Grand Cherokee and Liberty SUVs that could be at risk of a fuel tank fire.
    Chrysler said it has resolved its differences with the government and will recall older Jeep Grand Cherokee and Liberty SUVs that could be at risk of a fuel tank fire.
Powered by WorldNow

35 Skyline Drive
Lake Mary, FL 32746

Phone: (407) 644-3535
News Tips: (866) 55-FOX35

Didn't find what you were looking for?
All content © Copyright 2000 - 2013 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices