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 eliminated retirement payouts in favor of higher salaries to make the budget process easier and more transparent.
But the new assistant chief contracts also wind up increasing their pensions.
From 2010 to 2011, four assistant chiefs received raises that boosted their base salaries by an average of $18,586 a year, according to an analysis done by the Times Union. City officials said that is because other perks were wiped out, including thousands of dollars in annual longevity and holiday payments as well as lump sum payments for accrued sick leave and some vacation time that reached into the tens of thousands upon retirement…..
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