The Latest
Thanks to your activism we won the biggest win for pension reform in 20 years — lowering the Final Average Salary calculation from five to three years for Tiers 5 & 6 members!
Now, an average of Tier 6 members’ last three salary years, instead of their last five salary years, will determine their lifetime pension payments.
The new calculation means Tier 6 members will receive a bigger pension check, every month, for life. Individual situations will vary, but this works out to around $100,000 more in lifetime retirement earnings!
What's Next
While we got these big victories, we're not done yet.
We're systematically tackling the next issues that will make a difference.
Our goal is to get our Tier 5 and 6 members to parity with Tier 4 members, in both contributions and retirement age.
The most important thing right now is that our lawmakers remember this is a top issue. As this year's legislative session progresses, we'll be keeping you updated on specific actions.