ALBANY, N.Y. -- When Governor Andrew Cuomo signed the pension reform bill into law Friday, Syracuse Mayor Stephanie Miner and Onondaga County Executive Joanie Mahoney were in attendance.
The two have been long-time and outspoken supporters of pension reform.
Cuomo says the bill is a major accomplishment of his administration so far. He says this Tier six plan will save the state $83 billion over the course of 30 years.
Analysts say immediate savings will not be felt in the first couple of years.
"Pension costs are truly an issue that keeps all of us up at night. And similar to last year, the governor and legislature engaged in real reform and tackled one of the biggest problems facing municipalities across New York State," said Mayor Syracuse Miner.
Governor Cuomo said,"You would of had to lay off teachers, firefighters and police. So, if you are concerned about public employees and don't want public employees to lose their jobs today, tomorrow then you need to do pension reform."
Many members of the public employees federation or P-E-F are against the pension reform bill, saying they're being forced to sacrifice too much when it comes to salaries and pension contributions.