State and local government employees in New York collect taxpayer-guaranteed pension benefits that are far more generous than those available to most private-sector workers. The calculator below shows just how generous those benefits can be.

The cost of public pensions has blown through the roof, with financial consequences that will affect generations of New Yorkers to come. And it’s not just pensions: state and local governments have promised over $250 billion in post-retirement health care — but set aside no money to pay for it.

To learn more about the problem:

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About the Author

Tim Hoefer

Tim Hoefer is president & CEO of the Empire Center for Public Policy.

Read more by Tim Hoefer

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The Empire Center is an independent, non-partisan, non-profit think tank located in Albany, New York. Our mission is to make New York a better place to live and work by promoting public policy reforms grounded in free-market principles, personal responsibility, and the ideals of effective and accountable government.

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