The scheduled increase was put in place on 1 March 2010.
The scheduled increases will not redound primarily to the benefit of today's elderly.
He also led the successful effort in 2008 to thwart a scheduled increase in the state's gas tax.
The Senate proposal parallels a scheduled increase in the eligibility age for Social Security benefits.
Mr. Putin said last week that he would raise by $7 the scheduled increase in the average $75 monthly pension.
He, too, is talking about tax cuts, and he thinks the state may delay a scheduled increase in the minimum wage.
The governor should also rethink the next scheduled increase in the state's aid program that is designed to lower taxes in the suburbs.
As an incentive, the city earlier this year approved a five-year deferral on a scheduled increase in property taxes.
The F.D.I.C. action today would add another 4.5 cents to that scheduled increase.
The scheduled increases are part of a long history of increasing both the tax rate and the wage base.