Business Council Surprised by Comptroller's Attacks on Pension Reform

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ALBANY—“We are surprised and disappointed by Comptroller DiNapoli's attacks on pension reform. When given an honest presentation of the facts there should be little dispute that a Tier VI plan is needed in New York. Pension costs are exploding at all levels of government across the state and we are rapidly approaching a tipping point. Taxpayers are already struggling under the burden of existing pension obligations, and the Tier VI proposal will avoid this in future years without taking benefits away from anyone currently in the pension system,” said Heather Briccetti, President and CEO of The Business Council of New York State, Inc.