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Member NYSUT, AFT, NEA, ALF-CIO |
Smithtown Teachers' Association President: Rich
Forzano | 1st Vice President: Jane Cassidy
| 2nd Vice President: Laura Spencer |
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Let the Governor know you oppose the creation of Tier 5
Click here to send a free fax. It only takes a minute. Tier 5
Though NYSUT was successful in beating back during
budget negotiations a proposal by the governor to create a Tier 5
retirement category for state and local-government employees, our
fight is not over. In fact, CSEA and PEF have reached an agreement
with the Governor's Office on creation of a new pension category for
prospective hires. This would include an employee 3 percent lifetime
contribution; 10-year vesting and age 62 retirement.
In return, the governor has agreed to "no layoffs" of
state employees represented by CSEA and PEF for two years; these
state workers would be eligible to receive a $20,000 buyout to leave
state employ; and anyone accepting would not be able to return to
state service for five years.
NYSUT leaders should know:
A Tier 5 offers little or no savings for many years.
Meanwhile, it would exclude overtime calculations such as coaching,
chaperoning and other stipends from a member's final average salary,
resulting in a lower pension. In addition, a new tier would severely
hamper the ability of schools to attract and retain educators.
Local leaders are urged to keep the lines of
communication open with members - particularly newer members - to be
sure they understand where the union stands on the issue.
In addition, it's extremely important for local
leaders to urge all your part-time employees to join the retirement
systems NOW to "lock in" Tier 4 placement.
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Smithtown Teachers' Association
Contact: webmaster@smithtownta.com |