A new survey comparing the pay of California's elected officials to their counterparts in other states shows that, in most cases, the Golden State leads the pack. Higher pay might be justified considering that the cost of living is higher here than i Read More
It was 1975 and New York City was running out of cash. Its excessive spending and lack of financial oversight created a $14 billion debt. A request for a bailout from the federal government, headed by President Ford, didn't happen, which sparked t Read More
E.J. McMahon, the Manhattan Institute's tireless crusader for a better New York, today tried to puncture the praise of the pension reform passed last week in an op-ed in Newsday headlined 'Don't believe Cuomo's pension hype.' His point is that the ne Read More
Manhattan Institute fellow E.J. McMahon on the pension deal that Governor Andrew Cuomo struck with unions. Read More
A fiscally conservative advocacy group from the Midwest arrived in Albany to propose an intriguing math experiment: If retired public employees maxed out their pensions by retiring early at age 55 and living to the ripe old age of 85, who would get t Read More
Last year, as acting mayor, Gary McCarthy renegotiated employment agreements with the city's assistant police chiefs in the wake of a pension-padding controversy surrounding the retirement of Fire Chief Robert Farstad. McCarthy has said he elimina Read More
After signing a law changing the public pension system in New York, Gov. Andrew Cuomo dispatched top staff across the state to celebrate the new retirement plan with a promise of $80 billion in savings for taxpayers during the next three decades. Read More