New York City's pension actuary is "likely" to recommend a reduction in the interest rate used to calculate tax-funded pension contributions, the New York Post (not for the first time) yesterday.  A lower interest rate will lead to higher pension c Read More

Governor Cuomo today that follows exactly -- which is a disappointment, if not exactly a surprise.  Certainly if Cuomo's pension program ends here, it will undermine the governor's attempts to portray himself as a reformer. Read More

Robert Fitzpatrick spent $140,000 buying up subway and bus ads to warn people that the world was going to end Saturday. According to news reports, it didn't. So should we worry about how Fitzpatrick, a retiree on a fixed income, will support himself Read More

The Tappan Zee Bridge, which carries 51 million vehicles annually across the Hudson River between Rockland and Westchester counties, is one of the Northeast region’s most important transportation arteries--and it's badly in need of replacement. Read More

Yesterday's Times that Speaker Sheldon Silver has reintroduced the "millionaire tax" as a standalone bill may qualify as the dog-bites-man, non-news story of the year from the State Capitol.Silver and his conference already voted in favor o Read More

What would "truly transformational" public pension reform look like in New York?  E.J. McMahon answers the question in in today's New York Post. The key, E.J. argues, is to replace the traditional defined-benefit (DB) pension with a def Read More

The and Albany both report today that Governor Andrew Cuomo's proposed public pension changes may include an optional defined-contribution retirement plan.  (See Update below.) Read More