http://www.nydailyne...ticle-1.1039349
the only thing that can save us "unborn" now is if the TWU and 
agree to a contract before this legislation goes into effect.
"Section 28 of the bill would provide that members of an employee organization that are eligible to join a special retirement plan pursuant to a collectively negotiated agreement with any State or local employer, would be able to continue to enroll in that special plan after the enactment of this bill, until the date on which such agreement terminates. Upon the expiration of such collective bargaining agreements, not including the period after the expiration of such agreement in which in its provisions continue to be in effect, pursuant to Civil Service Law 209-a 
, the full provisions contained within this bill shall take effect."
Transit's 25/55 program is considered a "special retirement plan"
The new Tier VI doesn't affect NYCTA.
See link:
http://http://campai...GM6KxeZGv3RtmQ=Hmm, after reading this more carefully it looks like NYCT wasn't spared entirely. Seems the time(25yrs)and age(55)were kept as is, but new hires will be affected by other parts of the bill. Samuelson stated that "local 100 worked hard to MINIMIZE the hit new workers would take" and "The fact that we were able to fend off the BULK of this assault on the next generation of transit workers is a significant victory for Local 100 and this entire membership"
The way that reads sounds as if there will be some changes for new hires. Maybe paying more into their pension or a different type of calculation for final average salary. We'll have to wait and see. Regardless, it's huge that the 25/55 requirements didn't change.
Edited by SpikeMauler, 16 March 2012 - 06:04 PM.
