Saturday, June 4, 2011

STATEMENT ON WAL-MART

New York City Comptroller John C. Liu issued the following statement in response to questions concerning the NYC Pension Funds’ presentation at Wal-Mart’s annual meeting in Fayetteville, Arkansas today.

“Low prices are good, but it is Wal-Mart’s responsibility to ensure that it is not passing to its customers savings bought with abusive labor practices,” Comptroller Liu said.  “Wal-Mart can and should do much more to hold its suppliers accountable for protecting human and workers’ rights.  Wal-Mart can’t claim to be that bright yellow smiley face that we see around the world if its global suppliers don’t protect their workers from abuse or intimidation.”

The NYC Pension Funds’ shareholder proposal calls on Wal-Mart’s board to require that the company’s suppliers publish reports on their compliance with internationally recognized standards of human and workers’ rights.  Kalpona Akter, a labor rights leader in Bangladesh and former garment worker, presented the proposal to Wal-Mart’s board of directors at the invitation of Comptroller Liu and the Funds.

The NYC Pension Funds hold 5,696,055 shares of Wal-Mart, Inc. valued at $305,023,745.25 million as of 6/2/2011.


Friday, June 3, 2011

TAX LIEN ASSISTANCE OUTREACH SESSION SCHEDULED AT COUNCILMAN KOPPELL’S OFFICE ON JUNE 13, 2011

Council Member Oliver Koppell has scheduled a tax lien assistance outreach session at his district office, 3636 Waldo Avenue, Riverdale on Monday, June 13, 2011 from 10:30 a.m. to 2:00 p.m. for constituents whose tax liens are on the list to be sold. 
This sale is the transfer of the lien to a single authorized buyer who hires a collection agency.  It is not a sale of the property, but if the taxes and/or charges are not paid or resolved, the lien holder can begin a foreclosure proceeding in court.
A representative from the NYC Department of Finance will be available at the June 13th session in Koppell’s office to meet one-on-one with homeowners with tax liens to help them avoid the Lien Sale by discussing eligibility for exemptions from the sale or ways of resolving the lien.
 In order to prevent the sale of a lien on property, the debt must be resolved by August 1, 2011 through one of the following methods:
  •   Pay your outstanding debt in full; 
  •  Enter into a payment agreement;
  •  Apply to receive an exemption that will exclude the property 
 from the Lien Sale; 
  • Dispute the charges by filing a formal dispute with DEP or Finance.
Individuals in Koppell’s district who have been sent a legal claim against their property for unpaid taxes, or whose property was on a published lien sale list, are encouraged to attend this outreach session to obtain advice and to take the necessary steps to  prevent the sale of their lien  The Finance representative will provide assistance in  developing  payment agreements, resolving billing disputes and helping complete Exemptions applications for those who qualify.
Koppell said, “My office has sent out invitations to this session to those of my constituents whose tax liens are in danger of being sold. I strongly urge these individuals to come to the session in order to obtain the help they need to avoid the sale, which can have serious consequences in the future.”
 If you plan to attend, it is necessary to RSVP to Drew Gabriel in Koppell’s district office, (718) 549-7300 or dgabriel@council.nyc.gov  to schedule an appointment.

 
Senator Klein to Subpoena Makers of Four Loko

Senator Jeffrey D. Klein, chairman of the New York State Senate Standing Committee on Alcoholism and Drug Abuse, today announced the issuance of a legislative subpoena  against the makers of Four Loko as part of the Committee's ongoing investigation into high alcohol Flavored Malt Beverages and their availability to minors. 

The subpoenas to Chicago-based Phusion Projects will be seeking information regarding the manufacturing, distribution and marketing of Four Loko.

Senator Klein had sought this information from Phusion representatives during an April 12 hearing on this issue. During that hearing, the Committee heard testimony from public health officials, law enforcement representatives, community representatives, trade organizations, and marketing experts. The findings related to the hearing can be found in a preliminary report issued today by the Alcoholism and Drug Abuse Committee.

The end result of the investigation is to craft legislation that will help crack down on the access of 'alcopops' by minors, without putting unintended burdens on other brewers and drink makers.  However, the Committee inquiry remains on-going due to the lack of participation by Phusion and other representatives of  high alcohol Flavored Malt Beverages manufacturers.

“This company makes a product for sale in New York that's cheap, tastes sweet and packs a six-pack punch in a 22-ounce can,” Senator Klein, (D-Bronx/ Westchester), said. “We believe that their information can greatly inform our efforts to keep Four Loko and similar 'alcopops' out of the hands of minors. Given Phusion's lack of cooperation, this committee has no choice, but to use the tools at its disposal to obtain the facts that we need.”

Senator Klein has the authority to issue a subpoena under section 62-a of New York State Legislative Law.

“Alcopops,” or High Alcohol Flavored Malt Beverages, are sweetened and flavored malt-based drinks with high alcohol content. They are generally sold for $2 to $3 for a 22 ounce can, have very similar packaging to non-alcoholic energy drinks. The price point and the packaging are both very appealing to minors. Four Loko, which has 12 percent alcohol, is the most popular drink in this category.

Senator Klein launched the committee investigation  following a series of incidents in his district, where local youths were sent to the hospitals after drinking Four Loko. This was followed up by a series of undercover police stings in New York City last March, as well as a survey of hospitals and colleges across New York State. The results all showed that these beverages – and their dangerous consequences – continue to be easily within the reach of underage drinkers.

Thursday, June 2, 2011

Gov. Cuomo's Decision on the 'Secure Communities' Program Brings Comments by Local Officials


   The federal Secure Communities program was presented by the Department of Homeland Security as a means to apprehend and deport undocumented immigrants convicted of serious crimes.  However, the program has come increasingly under fire from law enforcement leaders, elected officials and community leaders alike, as government statistics revealed that over 60 percent of immigrants deported under the program were never convicted of any crime or involved in low-level offenses, like traffic violations.  When local police are forced to take on immigration enforcement, trust between law enforcement and the community suffers, compromising effective crime-fighting.

   In recent weeks, Gov. Patrick Quinn of Illinois terminated his state’s participation in Secure Communities, California’s Assembly recently passed the Trust Act, which would allow counties to opt out of the program, and DHS’s own Office of the Inspector General announced it will launch an investigation into the program and the government’s claims.
 .
   Late Wednesday, Governor Andrew Cuomo announced the suspension of New York’s participation in the controversial Secure Communities Program, pending an investigation into the federal program. Gov. Cuomo’s leadership in challenging Secure Communities is the latest in a growing outcry due to the program’s overreach and dangerous implications for public safety. 

Bronx Borough President Ruben Diaz Jr. had this to say-

“I applaud Governor Cuomo for suspending New York State’s participation in the ‘Secure Communities’ program, pending a review of the program’s goals and methods. While supporters of the program claim that it will improve public safety, such assertions could not be farther from the truth. Simply put, the ‘Secure Communities’ program would push undocumented immigrants further into the darkness, making them less likely to cooperate with police officers and other government officials.

“‘Secure Communities’ would actually make our neighborhoods less safe, and I thank Governor Cuomo for suspending our great state’s involvement in this destructive program,” said Bronx Borough President Ruben Diaz Jr.

33rd State Senator Gustavo Rivera added the following-

“I’m very proud to be a New Yorker right now,” said Senator Gustavo Rivera (D-Bronx), New York State Senator, “Because of the Governor's actions, today victims of domestic violence in counties where Secure Communities was had been implemented will no longer have to be afraid to report a crime committed against them. Because of this important decision, witnesses of crimes will have no reason to hesitate about whether to go to law enforcement if they saw a crime take place. I applaud Governor Cuomo for taking action and declaring that New York will not stand for policies that separate our families and make our communities less safe."

 



















COMPTROLLER LIU: PENSION COST TO DROP AFTER 2016

Recently-Adopted Pension Reforms Will Significantly Reduce Future Expenses

A new report from Comptroller John C. Liu’s Retirement Security NYC initiative shows that City pension costs will peak in 2016 before they begin a gradual, steady decline. From 2016 through 2040 and beyond, pension costs will grow at a slower rate than the City’s economy, using up significantly less of its budgeting resources.

The report titled, “Sustainable or Not? NYC Pension Cost Projections through 2060,” finds the long-term decline in pension costs is primarily due to the introduction of new, less expensive benefit plans that took effect between 1995 and 2009.

“Poor market performance over the past decade means we still have a
few tough years ahead as those investment losses catch up to us. However, significant reforms already implemented in recent years will drive down costs for decades to come,” Comptroller Liu said.

The study, which makes use of long-term projections by independent
actuaries, produced three key findings:

1)      City pension costs will increase nominally through FY 2016, after
which they will decline as a percentage of the City’s expenditures and revenues.

Note: In FY 2012, pension cost is $7.3 billion or 11.1 percent of the
City budget. By FY 2016, pension cost will rise to $8.3 billion or 11.4 percent of the city budget. The increase in pension cost through 2016 would not be materially impacted by new benefit changes or tiers that are applicable only to new employees.

2)      Current discussions use a 30 year time period and the study shows
by FY 2040, City pension costs as a percentage of the City’s budget will decline from 11.4 percent in FY 2016 to:

       5.1 percent, assuming an 8.0% rate-of-return; or

       5.5 percent, assuming a 7.5% rate-of-return; or
       6.0 percent, assuming a 7.0% rate-of-return.

3)      The primary reason for declining pension costs is the phasing-in of
new employees whose benefits are significantly lower than those offered to municipal workers in the past.  Police and Fire Pension Funds will experience the most significant costs decreases over the next 30 years.

       Police will decrease from 65.1 percent of salary in FY 2010 to
between 39.2 to 33.4 percent of salary in FY 2040.
       Fire will decrease from 83.1 percent of salary in FY 2010 to between 46.6 to 41.5 percent of salary in FY 2040.

“While we cannot predict the precise economic cycles that will occur
over the next 30 years, historical trends allow us to make reasonable assumptions about how pension obligations will affect the City’s future budgets.” Comptroller Liu said. “Retirement Security NYC will continue to bring objective research to bear on the public policy debate surrounding retirement issues that affect all New Yorkers.”

“The impact of any pension reform takes time to have an effect,” said
Teresa Ghilarducci, Director of the New School’s Swartz Center for Economic Policy Analysis, and a national expert on public pensions and
retirement issues. "This study demonstrates that, over the long-term, New York City's pension funds provide a secure retirement for firefighters, police officers, teachers, and other City employees at a reasonable cost to taxpayers.”

Download the “Sustainable or Not” Report, Summary and Fund Projections
at comptroller.nyc.gov.

About the Independent Actuaries

The long term projections in this study were conducted and certified by independent actuaries, the Hay Group. The Company is a global management consulting firm that works with organizations across all
areas of human resources, with more than 7,000 clients in 47 countries.  Hay Group's benefits practice was founded in 1911 and is one of the first organizations in the US to provide independent actuarial consulting services.

About the New York City Pension Funds

The New York City Pension Funds include: the New York City Employees’ Retirement System, the Teachers’ Retirement System, the New York City Police Pension Fund, the New York City Fire Department Pension Fund, and the Board of Education Retirement System.

About Retirement Security NYC

Retirement Security NYC is a major initiative launched by Comptroller John C. Liu to protect the retirement security of public employees while ensuring the City’s financial health.

This report marks the third in a series produced by the initiative. The first report, “Municipal Employee Compensation in New York City,” found that wages paid to public employees are less on average than
those received by their private sector counterparts, especially for highly-educated workers.

The second report, “The $8 Billion Question,” examined the growth in
New York City pension costs over the past decade. It found that the rise in pension expenses was due primarily to poor market performance between 2000 and 2010.

 

Wednesday, June 1, 2011

New agreement between the City and the Hunts Point Produce Market to Keep it in the Bronx for the Next Three Years.

   The New York City Economic Development Corporation and the Hunts Point Produce Market Merchants have reached a deal that will keep the market at Hunts Point, for at least the next three years. Bronx Borough President Ruben Diaz Jr. gave the following statement about the deal to keep the Hunts Point Produce Market in the Bronx.
   
“After months of negotiation, I am thrilled to see that the City and the merchants of the Hunts Point Produce Market have reached a deal that will keep the co-op in the Bronx, where it belongs, for at least the next three years. During the coming months, we will continue to work with this administration and the merchants of the co-op on a long-term deal that will ensure that this tremendous hub of economic activity, one that provides jobs to thousands of Bronxites, remains in the Bronx for decades to come. I am confident that such a deal will happen and that the market will remain in Hunts Point for the foreseeable future.

“I would like to thank not only the Bloomberg administration but the New York City Economic Development Corporation, Governor Andrew Cuomo and the Empire State Development Corporation, Senators Charles Schumer and Kirsten Gillibrand, our Congressional, City Council, State Senate and Assembly delegations; as well as the Bronx Overall Economic Development Corporation for their hard work on this issue. Bronxites owe them all a debt of gratitude for their efforts,” said Bronx Borough President Ruben Diaz Jr.


Upcoming Events

June 11- Taste of the Latin Caribbean: Puerto Rican history in the Bronx
Join us as we highlight the agricultural contributions of the Puerto Rican community and culture in NYC on the eve of the National Puerto Rican Day Parade. Enjoy an organic lunch incorporating some of the native flavors of the island. Bi-lingual tour guide will be provided. 
    Tour activities include:
“Get Dirty" gardening session - Discover Taino culture through gardening, growing practices and common crops! Taste some sprouted arroz con frijoles, a healthy spin on this traditional Latin dish.
Salsa dancing lesson and live music jam session
Learn the basics of composting and raising chickens
Complimentary lunch provided to trolley riders

July 30 - Hip-Hop & Food Historical Tour: Beats and Beets!
Experience the birthplace of Hip-Hop music in a whole new way as we embark on a rhymatic, delicious healthy food journey! Dance, rhyme and eat your way to a healthier lifestyle! Meet legendary Hip-Hop pioneers as they guide you on a tour of hip-hop music, good food and healthy living. 
   Tour activities include:
Hip Hop poetry slam
Old school hip hop music jam hosted by world-famous Hip-Hop pioneers
Healthy food recipe cards
“Get Dirty” - Interactive gardening session
Learn the basics of composting and raising chickens
Complimentary lunch provided to trolley riders

September 10 - Taste of Tuscany: Italian culinary tour from seed to plate!
(Featuring a tour of Mario Batali’s Edible Garden, the Italy Garden and the Bronx’s historic Arthur’s Avenue )
Feel like you’re touring the Tuscany countryside as you embark on a delicious culinary exploration of various Italian herbs and vegetables. Embrace the beauty of the borough’s ecological treasures at some of New York City’s biggest urban farms!
   Tour activities include:
Grape Stomping! Old world wine-making practice! (Feet washing station provided)
Italian herbs tasting at The New York Botanical Garden’s Mario Batali’s Edible Garden.
Cheese-making workshop offered by Mike Greco of the famous Mike’s Deli
Tour of Bronx’s Historic Little Italy (Cheese shops, butcher shops, bread shops & more)
Lunch will not be provided – Many food options available for purchase at Arthur’s Avenue

To register, or for more information, call 718.817.8026 or bronxfoodsummit@gmail.com