The Bloomberg administration proposed yesterday that newly hired workers belonging to the largest municipal union accept substantially smaller pensions, a move that the city hopes will set a money-saving pattern for every municipal union. In contract talks yesterday, the city's labor commissioner called for increasing the minimum retirement age for future District Council 37 workers to age 62 from the current 57, amongst other cost-saving proposals.
See "City's Pension Cut Proposal May Set Negotiating Pattern", Steven Greenhouse, The New York Times, June 5, 2006