Public workers in New York could have an incentive to retire early under a proposal by a pair of state lawmakers unveiled on Thursday.
The bill backed by Sen. Peter Harckham and Assemblyman Tom Abinanti would create early retirement incentives for workers 55 and older who have 10 years of service with state or workers with 25 years of government service. A separate bill that covers early retirement for public workers in New York City was previously introduced.
The bill comes as local government finances have been scrambled by the COVID-19 pandemic. Revenue from the sales tax, for instance, dropped 10% statewide.
Author(s): NICK REISMAN
Publication Date: 4 February 2021
Publication Site: Spectrum News