Polls and Choices..

This morning the Empire Center for New York State Policy released results from a poll conducted last week, showing that 71% of public school teachers in New York support the choice of a defined benefit/defined contribution retirement plan and 26% would take the defined contribution option.  NFIB/NY has been a continuous supporter of Governor Cuomo’s Tier VI proposal, including the defined contribution language.

Unfortunately, as budget negotiations accelerate rapidly, it appears concessions have been made to pension reform and that the defined contribution choice is out.

Simply, I think it is a mistake for the Governor and legislative leaders to walk away from a choice which New Yorkers overwhelmingly support.

Having the option to choose the best retirement path aligns with the needs of our future workforce and provides the financial flexibility and predictability that our schools and communities need.  Further proof is shown in this article from today’s Albany Times Union.

It is not too late for the Governor to reaffirm his commitment to providing this choice and for legislative leaders to take a step back, and do what is right for our communities, schools and businesses.  Let’s hope they do.

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About Mike Durant

Mike Durant was named New York State Director of NFIB in May 2011. Prior to joining NFIB as the Assistant State Director in May 2010, Durant began his career in the New York Senate working in the Office of Member Services. From there, he served in a number of positions during former New York Governor George E. Pataki’s administration. As a Research Specialist in the New York State Office of Demographic Policy, Mike was responsible for drafting a redistricting proposal for Governor Pataki. In addition, Mike served as a Research Specialist for the Empire State Development Corporation, as well as the Associate Commissioner of Human Resource Management with the New York Department of Labor. Durant also spent four years working at the Questar III BOCES as a specialist focusing on the complex formulas that drive aid to school districts across the state while also taking a lead role in the state legislative/budget process as it related to education policy. These past positions have given Mike a deep understanding of the complex political economics of the State of New York. Active in the community, Durant has served on a number of boards in both the village of Ballston Spa and Town of Milton. Durant received his bachelor’s degree from Siena College in Loudonville, New York and resides in Ballston Spa with his wife and two children.
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