Unions want state leaders to sweeten their retirement packages. What would it cost, and what would it achieve?
Unions want state leaders to sweeten their retirement packages. What would it cost, and what would it achieve? ·  View in browser
NEWSLETTER
Unions want to roll back Cuomo-era changes to the pensions of state government employees. Darren McGee/Office of Governor Kathy Hochul
Unions want state leaders to sweeten their retirement packages. What would it cost, and what would it achieve?
By Sam Mellins

If you were in Albany on March 8, you might have felt the ground shake under your feet as 15,000 public sector union members chanted: “Fix Tier 6!”

It’s a cry for state leaders to boost the pensions of government employees. In 2012, the state created a new pension plan, called “Tier 6,” that had less generous benefits and required more years of work compared to previous plans. Then-Governor Andrew Cuomo claimed the change would save state and local governments $80 billion over three decades.

Now, New York’s top unions want to roll back those changes. They argue it would help keep workers in the public sector, but it won’t come cheap: In dollar terms, it could end up being one of the biggest decisions made in this year’s budget.

The campaign has emerged as a major issue in negotiations around the state budget, which is due on April 1. Here’s what you need to know.

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Copyright © New York Focus 2024, All rights reserved.
Staying Focused is compiled and written by Alex Arriaga
Contact Alex at alex@nysfocus.com

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