Martire: “We don’t want to see a new ramp with new high payments down the road”
Monday, Feb 25, 2019
* Carol Marin last week asked Ralph Martire, executive director of the Center for Tax and Budget Accountability, whether the governor’s proposed restructuring of the pension ramp is “just another pension holiday”…
Remember, the governor wants to extend the ramp by seven years. But he has yet to say how much money the state will “save” during those seven years and how much more it will cost taxpayers in the long term. Until we know that, we will have no idea if his other pension proposals (asset transfer, permanent buy-out, $200 million per year from graduated tax, $2 billion pension bond) are enough to close the gap.