Tier II members of the public retirement systems are receiving benefits that are:
1. worth less than the amount they are required to contribute and
2. provide benefits that are less than the member would receive under Social Security
Why is this important?
Tier II members are being robbed by the Legislature. They are paying more for their benefits that their benefits are worth. If this problem is not addressed, our pension systems could loose their tax exempt status and members' salaries would be subject to Social Security Withholding as well as Retirement System contributions.
