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Petition for Tier 6 Pension Improvement
Whereas, new UFT members who join the Teachers’ Retirement System after March 31, 2012 are entered in Tier 6,
Whereas, members in Tier 6 contribute from 3% to 6% to their pensions as long as they work,
Whereas, members in Tier 6 cannot retire without very reduced benefits until reaching age 63 while making a higher contribution,
Whereas, many other city agencies such as police, fire, sanitation can retire with full pension after 22 years of service,
Whereas, the UFT, in the past, lobbied successfully for a 25-55 pension plan for Tier 4 members,
Whereas, the UFT, in the past, won other significant pension improvements in the NY State Legislature.
Resolved, that the UFT lobby the City and State to equalize and improve the Tier 6 pension and include all UFT members in this campaign.