Mulgrew Pushing for Tier Six Pension Fixes in NY Budget
New York City News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
New York City teachers union boss Michael Mulgrew is advocating for pension system reforms in Albany, pushing for changes to the Tier six system established in 2012. Unions are divided on specific tweaks, ranging from earlier retirements to capping overtime and lowering contribution rates. The proposed changes could add significant costs to local governments, potentially increasing property taxes. Mulgrew is set to return to Albany this week as negotiations with Governor Kathy Hochuls team intensify, aiming to strike a balance between worker fairness and mounting costs.
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