Proposed Tier 6
IMPORTANT - PROPOSED TIER 6
"I'm in Tier 4, so I'm not concerned about the proposed new retirement tier." "Why should I care about Tier 6? It won't have any effect on me."
Think the new Tier 6 proposal will not affect you? WRONG. In Rhode Island, current retirees had to take as much as a 50% loss in their pensions.
We do not want that to happen in New York. A constitutional guarantee to your pension is completely useless if the pension fund is broke! The proposed Tier 6 plan 401(k) option requires no mandatory employee contribution and the employee carries all of the risk. Even more important, the stability of our retirement system will be at risk with less people paying into the system.
What you need to do:
- Visit the CSEA Statewide web site, www.csealocal1000.org, to learn more about how the proposed creation of Tier 6 will adversely affect you andyourpension, as well as statements of concern by the state comptroller.
- Visit www.tinyurl.com/stoptier6 to quickly and easily e-mail your legislators and tell them NOT to put your retirement at risk.
- Please post the attached bulletin in your workplace and share it with your co-workers. (Click here for Tier 6 Alert bulletin.)
- Every one of us needs to take action, notifying our legislators that we do not want this new tier. Again, the "tinyurl" link above provides quick and easy legislator access - you'll need less than a minute's time. Don't wait for the someone else to contact your legislators - you do it and then make sure your co-workers, friends and neighbors have done it too!