Governor Paterson Signs Tier V Pension Reform into Law, Enacting Most Significant Pension Reform in 25 Years
December 10, 2009
December 10, 2009
ALBANY, N.Y., Dec. 10 -- Gov. David Paterson, D-N.Y., issued the following news release:
Governor David A. Paterson today signed into law pension reform legislation that will provide more than $35 billion in long-term savings to New York taxpayers over the next thirty years. The legislation creates a new Tier V pension level, the most significant reform of the State's pension system in more than a quarter-century. Governor Paterson first proposed a new pension tier in his 2009-10 . . .
Governor David A. Paterson today signed into law pension reform legislation that will provide more than $35 billion in long-term savings to New York taxpayers over the next thirty years. The legislation creates a new Tier V pension level, the most significant reform of the State's pension system in more than a quarter-century. Governor Paterson first proposed a new pension tier in his 2009-10 . . .