New York State taxpayers' contributions to the Teachers Retirement Fund could quadruple by 2016, perhaps rising to as high as $4.5 billion statewide, according to a new report released Tuesday by the Empire Center for Public Policy, a conservative th Read More
Quite deep already is New York's hole for public employee pension and benefits costs. An alarming new analysis, however, projects that future obligations could make it even deeper. It's time to start constructing a ladder out. An analysis by the E Read More
The Empire Center for Public Policy sponsored a forum at the Crowne Plaza Hotel yesterday that was shocking, provoking and one more call to get off our arses and into the streets. New York’s Exploding Pension Costs was a wonk’s delight, loaded wi Read More
You do not need to be very good at math to see the problem: The number of retirees and other beneficiaries in New York's public pension system over the past decade has risen 20 percent, and total pension benefit payments have doubled. Yet over the sa Read More
As the saying goes, if you can make it here, you can make it anywhere. But it seems New York public employees may be making too much -- on their pension plans. And it’s not good news for taxpayers. According to a foreboding new report from the E Read More
Governor-elect Andrew M. Cuomo has a full plate awaiting him when he is inaugurated next month, including a gaping budget deficit. But Mr. Cuomo is already making clear to legislative leaders that one of his priorities is to cap local property taxes, Read More
Nevada’s pension system would pay $1.2 billion more over the next two fiscal years than its current obligation to retirees to convert its $24.7 billion plan to one based on employee contributions, a report says. That’s because switching to a s Read More
The state correction officers’ union is revving its engine in the public affairs battle over corrections staffing levels — and driving the department up the wall in the process. The New York State Correction Officers and Police Benevolent Asso Read More