NYC Grants 20-Year Full Pensions to Tier 3 Correction, Sanitation Workers

1 articles · Updated · The Chief-Leader · May 29

Thousands of New York City correction officers and sanitation workers in the Tier 3 plan can now retire with full pension benefits after 20 years of service under the newly passed state budget.
The change creates a long-sought “20-and-out” system, giving workers hired after 2012 the same retirement benchmark already available to police officers and firefighters.
For affected employees, the new rule means collecting full pension benefits 2 years earlier than under the previous structure.
The measure marks a parity win for unions that had pushed to align retirement terms across city public-safety and essential-service workforces.

As some unions celebrate victories, are thousands of other public workers being left behind in a two-tiered retirement system?

With NYC's credit outlook turning negative, can the city truly afford its generous new pension promises?