Every penny from the contributions' hike will pay off the deficit public sector workers did nothing to cause.
The 3.2% contributions hike is a tax on a workforce whose living standards have already been heavily squeezed by repeated pay freezes.
Instead, he recently championed a law that hikes city contributions to two pension funds by $4 billion through 2025 -- contributions Emanuel has proposed to fund largely through property tax hikes.
In theory, the financing gap could be filled almost overnight by hiking the contribution sociale généralisée (CSG), a widely-based revenue tax.
For those who have recently lost a company match, find out if your company has an auto increase feature where you can gradually hike your contribution rate over time to make up for losing the match.
In 2013, six states -- Arizona, Connecticut, Florida, Maryland, Minnesota and Wyoming -- hiked campaign contribution limits for candidates.
Sweeney has been waging a campaign to scale back pensions and increase employees' contributions, including a hike from 5.5% to 9% in the amount deducted from teachers' paychecks to cover a portion of their generous benefits.
Rising liabilities have, in turn, led to hikes in employee contributions (from 5percentto7.5percentcent in the past couple of years), a rising burden on Alabama taxpayers with rising employer (i.e., taxpayer) contributions, and greater uncertainty about future benefit cuts and tax increases.
Democrats in the legislature said they plan to push Hogan to raise Maryland's contribution even more, to allow Metro to avoid planned fare hikes and service cuts.
Extreme measures are needed, like selling state assets and hiking employee contributions.
