Hochul in talks to make fat pork union deal that could lower retirement age for teachers to 55 - at staggering cost to taxpayers

"The potential fat pork pact involves more than a billion dollars in sweetening pensions for the unionized public employees, with the retirement age for workers currently set at 62 for those hired in the past 14 years."

"The proposal would lower employees' contribution rate from 4.5% to 3.5%, with the lower-retirement-age portion of the plan estimated to cost $835.9 million."

"The additional costs would be handed down to school districts and local governments, including New York City, which could be left with $328 million in additional costs."

Gov. Kathy Hochul is negotiating a potential agreement with the New York AFL-CIO to allow public workers hired after 2012 to retire at 55 instead of 62. This proposal, which could cost taxpayers $1.5 billion, includes lowering employee contribution rates to pension funds. The plan would affect over 2.5 million unionized public employees and could lead to significant additional costs for school districts and local governments, particularly in New York City, which may face $328 million in expenses.

Read at New York Post