Lawmakers in Albany are exploring the possibility of an early retirement program for public workers and educators.
Gannett reports that the state’s teachers union is supporting the early retirement plan, which would allow employees who are 55 or older with 10 years to take retirement. It would also apply to other employees with 25 years of service- no matter their age.
The bill would dictate who could apply for the early retirement package based on what positions could be eliminated.
Police and fire workers were not included in the measure.
Lawmakers cited the pandemic as a cause for the early retirement opportunity- which was also instituted during the financial crisis of 2008 and 2009.Want the latest headlines in your inbox each morning? Click here to sign up for our Morning Edition and Sunday Insight newsletters. They are dedicated to keeping you in the know. You can also download the FingerLakes1.com App for Android (All Android Devices) or iOS (iPhone, iPad)