Negotiations between the state’s top lawmakers on reforms to the Tier 6 pension plan have narrowed to just three provisions as the finalized state budget for Fiscal Year 2027 draws closer, three state labor officials with knowledge of the discussions told The Chief. Decreasing the amount employees must contribute to their pensions, lowering the retirement age and increasing the percentage of overtime earnings that factor into final average earning calculations for police and firefighters are the central points of Tier 6 reform that could be instituted in this year’s budget, the sources said.
Each of the three Tier 6 reforms being discussed are key to separate factions of organized labor in New York that have yet to unite their demands of state leadership beyond general calls to reform or “fix” Tier 6 that could cost $1.5 billion.
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