Tier V Pension Reform Savings Calculator

The Tier V pension reform legislation that Governor David Paterson worked to enact will provide substantial long-term savings to taxpayers – particularly our state’s overburdened property taxpayers. 

Over the next thirty years, state and local taxpayers are expected to save a combined total of more than $35 billion. A region-by-region breakdown of projected Tier V pension reform savings outside New York City is available below.

Long Island ($8.5 billion in savings); Hudson Valley Region ($6.4 billion in savings); Western New York Region ($2.8 billion in savings); Rochester/Finger Lakes Region ($2.5 billion in savings); Central New York Region ($2.1 billion in savings); Southern Tier Region ($936 million in savings); North Country Region ($1.0 billion in savings); Capital District Region ($2.0 billion in savings); State Government ($8.4 billion in savings); Government entities that serve multiple regions ($1.6 billion in savings).

For more information on the savings projected for specific local governments, use the Tier V pension reform calculator below.