Governor Cuomo has proposed a new pension plan –Tier 6 – that drastically reduces the pensions of state and local government workers.
Proponents of Tier 6 are manipulating a short term budget problem in order to inflict permanent damage on middle class workers such as nurses, parole officers, bridge inspectors, and cancer researchers.
The reality is Tier 6 will have little impact on pension costs in the short-term. This is about politics and placating big business special interests, plain and simple, not the budget crisis. If budget problems were the true motivator, the state would not have given a tax cut to the wealthiest NewYorkers, sacrificing billions of dollars in revenue in the process.