Update on Tier 6!
The Civil Service Employees Association (CSEA) applauds Gov. Kathy Hochul and the state legislature for reaching an agreement on pension reform that will improve retirements for public employees under Tiers 5 and 6.
Reforms to Tiers 5 and 6 will provide meaningful financial relief to CSEA members and other public employees across New York state. This agreement includes a substantial reduction in employee contribution rates, allowing Tier 6 members to keep more of what they earn. Nearly 90% of CSEA members will now pay a 3% contribution rate, compared to roughly 30% under the previous system.
Click here to read the more about this agreement on the CSEA NY website…