""We are not dealing with what the normal paradigms are. We have to come up with something creative because you made a big mistake 14 years ago. If we don't have the significant fixes in Tier VI, then vote the budget down.""
"The UFT and other teacher unions are focused on lowering the age when someone can retire without penalty. Under Tier IV, public employees including teachers can retire at 55 if they've worked for 30 years. Under Tier VI, an employee must work until 63 in order to retire without losing half of their pension award.""
Michael Mulgrew, president of the United Federation of Teachers, is frustrated that pension benefits for public employees are not prioritized in state budget talks. He urges lawmakers to vote against the budget if it lacks significant changes to the Tier VI pension law. Unions are divided on proposed changes, complicating negotiations. The UFT seeks to lower the retirement age without penalties, contrasting with Tier VI's requirements. Opponents argue that pensions do not significantly impact recruitment and retention of public sector workers.
Read at Gothamist
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