CSEA celebrates Tier 6 pension plan reform in State Budget
ALBANY – CSEA, New York’s largest public employee union, is celebrating the inclusion of reforms to the Tier 6 pension plan in the FY2025 State Budget.
“We applaud Governor Hochul, Senate Majority Leader Andrea Stewart-Cousins, and Assembly Speaker Carl Heastie for their strong leadership in fighting for pension equity for Tier 6 members,” said CSEA President Mary E. Sullivan.
The enacted state budget includes a change to how pensions are calculated. Under the new law, a Tier 6 employee’s pension will be based on their top three years of earnings instead of 5 years. This change will increase retirement security for Tier 6 employees and make Tier 6 look more like earlier pension tiers.
Add comment
Comments