Tier 6 Pension Reform

Legislation that restores parity for Tier 5 and 6 public employees with Tier 4:

• Reduce and standardize employee contributions.
• Restore ability to retire at age 55 with 30 years of service.
• Eliminate caps on overtime and other pay in the calculation of pension benefits.
• Eliminate the social security offset for all titles still subject to it.
• Lower penalties on pension benefits for retiring prior to normal age.
• Restore incentives that reward longevity.