The New York Legislature on Thursday passed a plan supported by Gov. Andrew M. Cuomo that will cut retirement benefits for future state and local government workers, The New York Times reported. The cuts would affect new employees at public institutions such as the State University of New York and the City University of New York. According to the Times, the measure would save $80 billion for state and local governments over the next 30 years, even though one of the more contentious proposals in the measure -- a plan that would let new workers opt out of a traditional pension and let them choose something similar to a 401(k) --– would now be open only to new non-unionized workers who earn $75,000 or more, under a concession made by Cuomo.
Barbara Bowen, president of the Professional Staff Congress, a union representing 20,000 faculty members and staff at CUNY, said the plan -- also referred to as Tier 6 -- flowed from an ideological agenda of protecting the rich. “Tier 6 will hit CUNY especially hard; it will undermine CUNY’s ability to attract and retain the best faculty in national searches. I remember being told more than 20 years ago when I came to CUNY that one thing CUNY was able to offer was good benefits, including a decent pension,” Bowen said.
“We were hoping it would be defeated but that is not the way it turned out,” said Denyce Duncan Lacey, Director of Communications for the United University Professions, a union representing 35,000 faculty members and professional staff at state-operated SUNY campuses.