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Tiering Up: The unfinished business of public pension reform in New York

DECEMBER 15, 2021 | by E.J. McMahon | EMPIRE CENTER (NEW YORK)

By E.J. McMahon, includes “New York taxpayers have been hit with enormous increases in pension costs for state and local government employees over the past 20 years. … New York’s pension bomb had already exploded a dozen years ago when state officials belatedly started responding to the problem by scaling back pension entitlements for newly hired employees. … Approaching the 10th anniversary of Tier 6, this report looks back on what New York’s pension reforms accomplished—and failed to accomplish …”

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