How much does the Tier 6 proposal reduce employee retirement benefits?

March 9, 2012. This brief quantifies the value of the reduction in retirement benefits to the typical member of the NYS Employees’ Retirement System (ERS) under the Tier 6 proposal, and finds that the proposal reduces the employee benefit by 39.8 percent.

Published On: March 8th, 2012Categories: Reports, Briefs and Presentations, State Budget, Tax & Budget

How much does the Tier 6 proposal reduce employee retirement benefits?

March 9, 2012. This brief quantifies the value of the reduction in retirement benefits to the typical member of the NYS Employees’ Retirement System (ERS) under the Tier 6 proposal, and finds that the proposal reduces the employee benefit by 39.8 percent.

Published On: March 8th, 2012Categories: Reports, Briefs and Presentations, State Budget, Tax & Budget