The trustees of the city’s largest public pension fund have agreed to live up to the transparency demanded by the state Freedom of Information Law. Good move. Many thanks.
Meanwhile, the United Federation of Teachers thumbed its nose at the statute and shrouded key information in the Teachers’ Retirement System from public view.
From time immemorial, the city’s five pension funds had made public beneficiaries’ names and the amounts of their pensions. But then the Police Pension Fund chose secrecy and prompted a union rush toward withholding recipients’ identities.
Under the law, pension records are as available for public inspection as general payroll data, and for good reason. Openness can be an important check on skulduggery. For example, were a pension fund to conceal the names of recipients, no one could check on whether an individual was entitled to disability benefits.
The police fund claimed that confidentiality was needed to protect the safety of NYPD retirees. In a suit brought by the Empire Center taxpayer watchdog, a judge bought this lunatic argument and sanctioned the closure.
Although the decision will surely be overturned on appeal, and although teachers, clerks and other city workers have no security issues, the rest of the retirement systems followed suit.
Mayor Bloomberg and Controller John Liu managed to turn that back at the biggest fund, the New York City Employees Retirement System. With support from Public Advocate Bill de Blasio, all five borough presidents and, to its great credit, District Council 37, the NYCERS board declared that the data will again be available.
Bloomberg and Liu had no such luck at the Teachers’ Retirement System. Though the board favored transparency, the UFT used its veto to stay in violation of the law. Who cares about the law? Not President Michael Mulgrew.
“The biggest problem for the state is the enormous, recurring structural budget gap starting next year and into the future,” said E.J. McMahon of the conservative-leaning Empire Center. “Cuomo clearly hopes that starting in 2021, (Democratic presidential candidate Joseph) Biden and a Democratic Congress will provide states and local government a couple of year’s worth of added stimulus. Read More
Ed McKinley
ALBANY — When the New York Constitution was reorganized nearly 100 years ago to give the governor more power over the budget process, noted there was a risk of making “the governor a czar."
M Read More
Michael Gormley
ALBANY — A new study by a conservative think tank says President Donald Trump’s 2017 tax law gave most New Yorkers a tax cut, even as Gov. Andrew M. Cuomo insists on repealing the measure because he says it will cost New Yo Read More
Johan Sheridan
ALBANY, N.Y. () — The Empire Center filed a against the state Department of Health on Friday.
“This case isn’t about assigning blame or embarrassing political leaders,” said Bill Hammond, the Empire Center’s Read More
The Empire Center first reported Tuesday that grants — 226 of them, totaling $46 million, to recipients selected by the governor and individual state lawmakers — seemed to still be going ahead. Read More
With lingering questions about how the novel coronavirus killed thousands of New Yorkers who lived in nursing homes, a group of state lawmakers is pushing to create an independent commission to get answers from the state Department of Health. Read More
“The importance of discussing this and getting the true facts out is to understand what did and didn’t happen so we can learn from it in case this happens again,” Hammond said. Read More
No doubt, the Health Department and the governor would like this report to be the final word on the subject.
But if it’s all the same with them, we’d still like a truly independent review. Read More