The leaders of the Let New York Work coalition today fired back to dispel many of the myths that are being touted by groups that oppose the creation and implementation of a new retirement tier for state and local employees. The document, titled Tier VI Pension Reform: Myths vs. Realities, can be found at http://slidesha.re/xskNtz.
In his 2012-13 proposed state budget, Governor Cuomo introduced a new Tier VI Retirement plan for future state and local government employees. In addition to a reduced Defined Benefit option, the plan also proposes a Defined Contribution option that mirrors the SUNY/CUNY model. (more…)