Ben Fractenberg/THE CITY
At the end of a news conference in Brooklyn last week, THE CITY asked mayoral candidate Andrew Yang what he thought about using pattern bargaining to deal with municipal unions.
“I’ll get back to you on that,” he responded before walking away to take selfies with passersby at Parkside Plaza, outside Prospect Park.
The century-long practice of giving each public-sector union essentially the same raises and benefit boosts is at the heart of how the city has negotiated with labor organizations representing some 300,000 workers.
With the June 22 Democratic primary less than a month away, several of the major hopefuls have notched endorsements from various municipal unions.
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The Hudson Companies has entered into a partnership with two
of New York City’s largest municipal employee retirement systems that will
invest $250 million to build green workforce housing across the region.
Those two pension systems the New York City Employees’
Retirement System, and the Teachers’ Retirement System of the City of New
York have allocated city pension dollars towards the creation of workforce
housing in the five boroughs of New York City as well as Nassau, Suffolk,
Westchester, Putnam, Orange and Rockland counties.
The fund is expected to provide the City of New York’s
pension systems with a competitive return on its investment.
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