Defuse this city pension bomb New York Daily News

Wednesday, Mayor de Blasio presented a fiscal 2018 Executive Budget that called for pension contributions totaling $9.6 billion — another all-time high. Yet city pension plans remain significantly underfunded even by lenient government accounting standards, posing a big risk to New York’s fiscal future.

NYSTRS bill to drop again by E.J. McMahon | NY Torch

The New York State Teachers' Retirement System (NYSTRS) will reduce its pension contribution rates for a third consecutive year in 2017-18, even though the pension fund's investment returns came in well below its target rate in fiscal 2016.

The new (old) normal of NY pensions by E.J. McMahon | NY Torch

The Empire State's largest public pension plan still has not fully recovered from the financial crisis and Great Recession of 2008-09, a new report from the state comptroller's office confirms.

DiNapoli Releases Details on What Schools, Municipalities Will Pay to Pension Fund Capital Tonight

Fiscal watchdogs note many elected officials initially didn't have to worry about pension costs a decade ago. Now the rates are closely watched for what they could mean for property tax bills.

"Pretty much the entire generation of state and local elected officials took office and came into their own during a period when pension costs were artificially low or rock bottom," said Empire Center President EJ McMahon.

More Than 3,000 NY State and Local Pensions Top $100K Press Releases

The number of retirees receiving pensions over $100,000 from the New York State and Local Retirement System (NYSLRS) exceeded 3,000 for the first time during the system’s 2016 fiscal year, according to data uploaded today to SeeThroughNY, the Empire Center’s transparency website.