NORWICH – Town of Pharsalia Supervisor Dennis Brown on Monday called for Chenango County to send a message to state officials that it is in favor of Gov. Andrew Cuomo’s proposed Tier VI pension reform plan.
The plan is only for new government employees, raises the retirement age and provides the option of allowing workers to enter into a defined contribution plan similar to a 401(k) in the private sector.
An umbrella group backing the governor’s budget proposal said it would provide $79 billion in statewide savings over 30 years. However, labor unions and even New York Comptroller Tom DiNapoli have criticized the plan. The comptroller reportedly said the state’s pension system is fully funded and not in a crisis.