Governor Kathy Hochul is reportedly negotiating a $1.5 billion pension deal that would lower the retirement age for public workers to 55 and reduce their contribution rates.
Here’s the breakdown:
-
- $835.9 million to lower the retirement age
- $593 million to reduce employee contributions
And who pays? The costs are passed down to local governments and school districts, meaning YOU ultimately foot the bill.
Taxpayers don’t get to retire early. We just keep paying, and all of this is being negotiated behind closed doors.
