Confronting the Myths about Proposed Tier VI Retirement Plan

Group releases document to help educate taxpayers on the realities of tLet NY Work: A Common Agenda for the Common Good is a historic effort led by a coalition of prominent business, local government and educational organizations. The purpose of the initiative is to advance a six-point mandate relief agenda aimed at helping stabilize New York’s economy and provide a sense of security for all taxpayers. he proposed plan

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. 

“As the debate continues about the potential to save New York taxpayers more than $100 billion dollars over the next 30 years, it is imperative that people understand the realities of what is being proposed, said Brian Sampson, Executive Director of Unshackle Upstate speaking on behalf of the group. “Far too often people opposed to changing the system are using myths and scare tactics to confuse people.  Our goal today is to make sure that people understand the facts and hear from both sides of the issue.”

Let NY Work: A Common Agenda for the Common Good is a historic effort led by a coalition of prominent business, local government and educational organizations. The purpose of the initiative is to advance a six-point mandate relief agenda aimed at helping stabilize New York’s economy and provide a sense of security for all taxpayers.

Leave a Comment

Your email address will not be published.

Scroll to Top