NYC stops payment into nonprofits' pension system

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

  • New York state and Eastman Kodak Co. have reached a deal that will keep some of the troubled company's operations in Rochester and provide $49 million for environmental cleanup at the once bustling Eastman...
    New York state and Eastman Kodak Co. have reached a deal that will keep some of the troubled company's operations in Rochester and provide $49 million for environmental cleanup at the once bustling Eastman Business Park.
  • Wednesday, June 19 2013 1:16 PM EDT2013-06-19 17:16:13 GMT
    Kolcraft is recalling more than 96,000 Jeep Liberty strollers after at least 18 people were injured by tire blowouts, the Consumer Product Safety Commission said Wednesday.
    Kolcraft is recalling more than 96,000 Jeep Liberty strollers after at least 18 people were injured by tire blowouts, the Consumer Product Safety Commission said Wednesday.
  • Natura Salmonella Risk

    Wednesday, June 19 2013 8:30 AM EDT2013-06-19 12:30:41 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.
Powered by WorldNow

WHBQ-TV | Fox 13
485 S. Highland St.
Memphis, TN 38111

Main Station: (901) 320-1313
Newsroom: (901) 320-1340

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