Sponsored by the Empire Center for Public Policy
State and local government employees in New York collect taxpayer-guaranteed pension benefits that are far more generous than those available to most private-sector workers.
(Use the calculator at left to see just how generous those benefits can be.)
The cost of public pensions is about to blow through the roof, with financial consequences that could affect generations of New Yorkers to come. And it's not just pensions: state and local governments have promised over $200 billion in post-retirement health care -- but set aside no money to pay for it.
To learn more about the problem:
- Read the Empire Center report, “New York's Exploding Pension Costs.”
- Search the pension database of more than 340,000 retired state and local government employees at SeeThroughNY.net.
- Read “Iceberg Ahead, ” the Empire Center's study of unfunded government retiree healthcare obligations.
- Join our email list and keep up to date with the latest on this and other Empire Center reports and projects.
- E.J. McMahon discusses the report on YNN's Capital Tonight and with Joe Spector of Gannett News Service.
- Visit Public Sector Inc., the Manhattan Institute's website focusing on the national problem of burgeoning liabilities for government employee pensions and other compensation.