NYC stops payment into nonprofits' pension system - FOX 10 News | myfoxphoenix.com

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>>

  • Beware what your 'Digital Shadow' says about you

    Beware what your 'Digital Shadow' says about you

    Wednesday, April 23 2014 11:00 PM EDT2014-04-24 03:00:19 GMT

    To promote a video game called "Watch Dogs," the game's maker has launched a website called Digital Shadow to data-mine your Facebook account. When given permission, digital shadow analyzes all the public information about you and your friends available on the social network to create a file detailing everything from your most-used words to your annual salary to your personality.

    To promote a video game called "Watch Dogs," the game's maker has launched a website called Digital Shadow to data-mine your Facebook account. When given permission, digital shadow analyzes all the public information about you and your friends available on the social network to create a file detailing everything from your most-used words to your annual salary to your personality.


  • Insurer warns of 'cybergeddon' scenario

    Insurer warns of 'cybergeddon' scenario

    Wednesday, April 23 2014 10:32 PM EDT2014-04-24 02:32:34 GMT
    Most people can't go a day without the Internet. Reasons for using it are nearly limitless: social media, shopping, work, communication, finance, everything. Securing passwords and personal information is an ongoing concern.Now a new report says it's not you who needs to step up cyber security. Instead, organizations storing information need to step up their response to cyber risks to avoid a global disaster on the scale of the 2008 financial crisis.
    Most people can't go a day without the Internet. Reasons for using it are nearly limitless: social media, shopping, work, communication, finance, everything. Securing passwords and personal information is an ongoing concern.Now a new report says it's not you who needs to step up cyber security. Instead, organizations storing information need to step up their response to cyber risks to avoid a global disaster on the scale of the 2008 financial crisis.
  • Cough syrup popular in celebrities' 'sizzurp' cocktails pulled from market

    Cough syrup popular in celebrities' 'sizzurp' cocktails pulled from market

    Wednesday, April 23 2014 10:14 PM EDT2014-04-24 02:14:22 GMT
    A prescription cough syrup that some celebrities like to mix with soda and hard candy is being pulled from the market, TMZ reported and confirmed by pharmaceutical company Actavis. The cough syrup-soda concoction is often called "sizzurp." Lil Wayne sings about "Me and my drink." Bieber reportedly loves it. Soulja Boy recently posted a photo of several bottles of the Actavis-branded syrup on his Instagram account.
    A prescription cough syrup that some celebrities like to mix with soda and hard candy is being pulled from the market, TMZ reported and confirmed by pharmaceutical company Actavis. The cough syrup-soda concoction is often called "sizzurp." Lil Wayne sings about "Me and my drink." Bieber reportedly loves it. Soulja Boy recently posted a photo of several bottles of the Actavis-branded syrup on his Instagram account.
Powered by WorldNow

KSAZ-TV & KUTP
511 W. Adams St.
Phoenix, AZ 85003

Phone: (602) 257-1234
Fax: (602) 262-0177

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