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Feedback: Deadline Looms For Employee Pension Changes

Story Published: Jun 26, 2012 at 4:18 PM EDT

Story Updated: Jun 26, 2012 at 8:05 PM EDT

The Jefferson County Industrial Development Agency called a special meeting Tuesday to decide what the agency should do next in its battle with New York state.

The fight stems from a ruling last winter by the state comptroller that 12 state employees were not a part of the state retirement system.

The good news is that lawmakers in Albany voted to restore pensions for the 12 employees.

The bad news:  in order for the employees to have pensions for the future, going forward things have to change.

"We're trying now to shift the responsibility around so that, at the end of days, the 12 people who have been working in this environment for many years, many, many years will continue to survive," said JCIDA chief executive officer Don Alexander.

"We're going to have to see how we can restructure things to make sure that we fit within the new state comptroller's opinion," said JCIDA chair David Converse.

Restructuring will be more complicated.

The deadline to figure things out comes at the end of July, not in January like officials had hoped.

"That would have given us 6 months to make whatever transitions we have to do to move forward," said Converse.

 

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Thursday, May 23, 2013
, Watertown, NY

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