The number of retired New York government employees with six-figure pensions is apparently growing at a 20 percent annual rate. This complete list of pension recipients, newly posted by the Journal News of the lower Hudson Valley, lists 1,081 individuals with pensions of $100,000 or more. That’s up from a reported 899 a year ago.
To be sure, in the public pension sweepstakes, New York’s state pension fund is lagging behind California’s giant CalPERS system, which has nearly 5,000 government retirees with pensions over $100,000. Then again, the state figures at the Journal News site don’t include teachers or New York City employees.
New York’s public pensions are exempt from state income tax and federal payroll tax, and are supplemented in virtually all cases by low-cost health insurance policies.
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