Early Retirement Incentive Update

Dear Sisters and Brothers,


I hope this message finds everyone well and safe.  I would like to share some updated information regarding the Early Retirement Incentive (ERI).

The ERI has been incorporated into the Budget in both the State Senate and Assembly.  This means that the bill does not have to be voted on; when the budget passes, the ERI passes.

The New York City Council has passed a Home Rule for the ERI to get this process started.  The Actuary’s report has been finalized and sent to both houses, with the fiscal note needed. Once the budget is approved it needs the Governor’s and signature.  The budget can be approved as early as April 1, 2021. 

Once this happens, I will let everyone know what the next steps are.

In Solidarity

Mike Troman
Civil Service Technical Guild - Local 375