Tell your legislators the truth about pensions.

Facts about the Fund:

The pension fund is fully funded and can cover its current and future obligations. Over 80% of the retirement systems earnings come from returns on investments, not

taxpayer dollars. CSEA members contribute to the fund that pays their pension benefits, both as members of the pension system and as taxpayers.

Pensions for public employees in New York are not excessive.

The average CSEA member pension is about $14,000; 76% of pensions are less than $30,000 per year.

Facts about Tier 5:

Took effect in 2010 Increases the retirement age for all new public employees Increases the minimum years of service required to vest from 5 years to 10 years. Requires all new employees to pay a percentage of their salary toward the cost of their retirement for their entire career. Caps the amount of overtime that can be considered in the calculation of pension benefits These reforms will save New York taxpayers $35 billion dollars over the next 30 years.

Retired public employees have a huge impact on New Yorks economy.

Each dollar invested in public pensions by New York taxpayers supports over $11 in total economic activity.

CallyourStateSenatorandAssemblymemberandgivethemthefactsaboutpensions.Tell themtosayNOtoTier6.

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