As many of you know, I’ve been deseperately petitioning people….I like, hahahaaaa…. into Roth accounts for a few years now. At least partially, such as future contributions.I have a few …
Jackpot DSNY Family Weekly V38
Money It might seem like you hit the lottery getting this job, but its not all fun and games, when it comes to pay “this is cereal” it could be …
Merry Christmas New York City Workers
In Final Speech, Mayor Bloomberg Warns Bill de Blasio on Healthcare and Pensions: Mayor Bloomberg used his last major speech before leaving office to sound the alarm about skyrocketing pension …
As Goes The Economy, So Goes The Equity Markets!
The markets are moving higher simply because the news is improving. Many investors invest with the ‘Headlines”. If something is better than expected, then they believe stock prices should …
Retro, Medical, and Bloomberg’s violation of the Taylor Law…
The Municipal Labor Committee Aug. 9 sued the city to block its Request for Proposals on a new health-care provider for city employees, accusing the Bloomberg administration of rushing the …
Times are getting better to invest?
(This would affect your NYC Deferred Compensation Plan assets dramatically over the next few years.) The S&P has broken through 1500, the Dow, 14,000, nearing all-time highs but is the …
Ohio Represents!
COLUMBUS, Ohio (AP) – The state’s new collective bargaining law was defeated Tuesday after an expensive union-backed campaign that pitted firefighters, police officers and teachers against the Republican establishment. In …
Harry to Bloomy: “WE’VE ALREADY GIVEN!”
The Bloomberg administration may seek to have employees pay more for their health-care costs, Deputy Mayor for Operations Caswell Holloway said at an Oct. 25 Citizens Budget Commission breakfast. …
Is it City Time III?
Nycaps, Mayor Bloomberg’s initiative to revamp to update and streamline the city’s management of personnel information, was budgeted at $66 million in 2002. The system’s cost has ballooned $363 million and it’s still not finished.
Snow Job(s) – With Goldie Gone – City Time Part 2 ?
Plans to pay private snow-plow and tow-truck operators to be available during major snowstorms—even if they are not put to work—could be setting New York up for another City Time …
Public Worker Pensions Not Bankrupting Gov’t
J. Frank Who Really Owns America? Hint—It’s Not China: The truth is elusive. It’s good we have a discipline known as mathematics. While the Chinese, Japanese and plenty of other …
Dropping cost of Pensions
By DAVID SIMS The Chief City pension costs will plateau in 2016 and then begin a “gradual, steady decline,” according to a new report from City Comptroller John C. Liu …
Roth 457 Qualified Distribution
Unlike the regular pre-tax 457 Plan where you can draw your money PENALTY- FREE after you SEPARATE FROM SERVICE:What represents a Roth 457 qualified distribution?A qualified Roth 457 distribution permits …
Should employees choose a Roth 457 or a traditional 457b?
“Before answering this, there are two important things to know : from what has been publicized SO FAR 1. the 457b is accessible penalty-free at “separation from service” as opposed …
Unexpected Time Off because of Snow Storm :(
DCAS has established a citywide policy for any absences and lateness on Dec. 26-28, the days of the blizzard and its aftermath. All lateness on those three days will be …
Could the Government Shrink My 457/401(k) Retirement Account?
by Walter Updegrave, Senior Editor CNN MoneyWednesday, November 24, 2010 Question: I’m increasingly concerned about the larger role the government has taken in our day-to-day lives in areas such as …
2011 – Are Employer Contributions Now Taxable Income?
Starting in 2011, the new health law requires employers to begin reporting the value of the health benefits they provide to employees on their W-2 forms — the wage and …