Mark Page, the city's budget director, disclosed the suspension of payment into the pension plan, Cultural Institutions Retirement System, or CIRS, at a meeting last week of the City Council's Finance Committee.
This situation, together with the increasing cost of the retirement plans and the delay in its payments, were the causes of the financial and institutional crisis of 1998, which ended in the closure of the university in the second semester of 1998 and the suspension of payment to all the academic and administrative staff members.
Be prepared to pay for your freedom from bullies with a detention / suspension / payment ticket or duty.
The suspension of payments also took the Obama administration by surprise.
The review pointed to transparency issues with the accounting of expenditure that prompted the suspension of payments to GGSA.
An independent analysis published on Friday foresaw losses of around $20 billion and a suspension of payments for only three years.
So far, Judge Barbier has rejected BP's requests for a suspension of payments, and Mr. Freeh said the claims center should continue its work despite the irregularities.
That caused a suspension of payments until the latest review of Greek performance in complying with the bail-out terms was completed.
On Tuesday, the chairman of the Federal Reserve, Ben S. Bernanke, warned about the consequences of continued delay, saying even a short suspension of payments on principal or interest on the Treasury's debt obligations could severely disrupt financial markets.
The suspension of payments appears to be the product of negotiation between Mr. Cuomo's office and A.I.G., but last week the attorney general raised the prospect of using New York law to recover past payments to executives whether the company cooperated or not.
The governor, until recently not a major player on the national scene, called this week for "the suspension of payments of the public debt until all Argentines have a job," suggesting that he could rule as a populist, at least in oratory.
