Desperate measures only add to NY’s pension perils by E.J. McMahon | New York Post

During the first few years after Wall Street prices bottomed out in 2009, public-pension funds across the country reaped double-digit returns. They were riding a bull market pumped up by ultra-low interest rates, and it wouldn’t last.

Now pension managers have been struggling to break even — the predictable outcome of a funding strategy that continues to expose taxpayers to unreasonable long-term risks.

Some solid ideas from DiNapoli by E.J. McMahon | NY Torch

Comptroller Thomas DiNapoli just issued a set of fiscal reform proposals designed to address the continuing lack of accountability and transparency in key areas of New York's budget. While by no means representing a fiscal panacea, they are solid ideas, deserving of broad public and legislative support.

A losing quarter for NYS pensions by E.J. McMahon | NY Torch

Still betting far too heavily on the stock market, New York State's main state and local government pension fund lost money in the first half of its current fiscal year.

Gambling with New York’s pension funds by E.J. McMahon | New York Post

Just in time for Wall Street’s latest bout of bearish volatility, state Comptroller Thomas DiNapoli is taking an important step to fortify New York’s largest pension fund.

Too bad he also passed up a golden opportunity to go further in the right direction.

Tweaking NY’s pension math by E.J. McMahon | NY Torch

Just in time for Wall Street’s latest bout of bearish volatility, state Comptroller Thomas DiNapoli is taking an important step to fortify New York’s largest pension fund.