Posts tagged retirements
NEW YORK: The Union Gave Them the Wrong Data. The Pols Cited It Anyway.
April 12, 2024 // Meanwhile some school districts are considering layoffs because they used temporary COVID funds to staff up (again, contrary to union claims about Tier 6 hindering hiring). Finally, Senator Jackson and Mayor Evans borrowed a dubious line from labor, bemoaning how state law now “mandates a retirement age of 63 with 40 years of service.” Trouble is, it doesn’t. Nothing in state law requires anyone to work 40 years for anything. People need only work five years to vest in a public pension in New York (which Governor Hochul and lawmakers trimmed from 10 years in 2022). And they can begin collecting a reduced pension as young as age 55. Malik Evans