New York City Fire Department (FDNY) pensions have averaged more than $100,000 for new retirees for the past seven years, according to data previously withheld by the pension fund and obtained by the Empire Center after a lengthy court battle. Read More
Tag: New York City
New York City’s pension costs will reach nearly $8.8 billion in the coming 2016 fiscal year — more than double the 2006 level and nearly eight times the 2001 amount. Yet now, with a week to go in the state legislative session, Albany is poised to drive those costs even higher. Read More
It's safe to say that few Capital Region residents split their time between an upstate residence and a rent-controlled apartment in the five boroughs. So with just 11 days left in the legislative session, should the citizens of Albany, Niskayuna or East Greenbush be concerned about housing policy in New York City? The short answer: You bet. Read More
Following a court ruling ordering the New York City Fire Pension Fund to release the names and pension amounts of retirees, the Uniformed Fire Officers Association is vowing to continue efforts to keep the records from being made public. Read More
Calling the ruling "another win for transparency," a state judge has ordered the New York City Fire Pension Fund to release the names and pension amounts of its retirees to a fiscal watchdog group. Read More
New Yorkers are used to seeing the leaders of various municipal employees unions get hot and bothered about relatively trivial issues. It's who they are; it's what they do. Being anything but shrinking violets, these outspoken union bosses like the attention their outrage generates. And being seen as standing up in defense of their supposedly put-upon members always helps when they run for re-election. But even understanding that phenomenon, we're at a loss to understand the righteous indignation of several fire unions over a ruling that the New York City Fire Pension Fund must make public the name and pension amounts received by retirees. Read More
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