NYC taxpayers to get soaked for $151M as Hochul, state Dems unwind pension reforms
New York City taxpayers will face a $151 million bill due to pension reforms being rolled back by Governor Kathy Hochul and state Democrats. This decision primarily benefits public-sector labor unions and is projected to cost taxpayers an additional $6 billion by 2051. The changes will allow certain public employees to retire earlier, significantly increasing their pension benefits.
- ▪The rollback of pension reforms will cost NYC taxpayers $151 million in fiscal year 2027.
- ▪The changes will allow educators to retire at age 58 instead of 63, benefiting the teachers' union.
- ▪The pension reform reversal is expected to increase costs to taxpayers by over $6 billion by 2051.
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Metro NYC taxpayers to get soaked for $151M as Hochul, state Dems unwind pension reforms By Carl Campanile and Craig McCarthy Published May 26, 2026, 6:49 p.m. ET See more of our coverage in your search results. Add The New York Post on Google City taxpayers will dish out $151 million for Gov. Kathy Hochul and state lawmakers’ sweetheart giveaway to public-sector labor unions – largely undoing pension reforms that slightly reined in runaway spending. The Democrats in charge of state government agreed to sweeten the already generous pensions of public employees as part of their painfully slow process to pass a budget, in a move that benefits themselves and the influential unions but will cost taxpayers $6 billion more by 2051.
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