Another day, another shocking Empire Center revelation. Announcing the latest update to its SeeThroughNY database of New York public employee pensions, the watchdog flagged the city government retirees now scoring the highest pensions. Read More
Tag: Pensions
The Empire Center for Public Policy on Monday notched a victory in state court Monday after a judge found the names of retired New York City police officers who receive pensions are public records that must be released. Read More
Corrections Department employees qualified for average pensions of nearly $70,000, the highest average benefit for any agency grouping among the 7,990 New York City Employee Retirement System (NYCERS) members collecting their first full year’s worth of pension benefits in 2018, according to data posted today at SeeThroughNY.net, the Empire Center’s transparency website. Read More
Two pension funds affiliated with 1199 SEIU, the state's largest and most influential union for health-care workers, recently disclosed that they are in critical status due to funding or liquidity problems for an 11th straight year. Read More
New York’s AFL-CIO has issued a statement blasting the “misinformation campaign” by business groups fighting organized labor’s push to impose union pay levels on private developments receiving public subsidies. There is, indeed, plenty of misinformation wafting around this issue—but virtually all of it originated in the union camp. Read More
New York's Common Retirement Fund (CRF) fell nearly two percentage points short of its investment earnings target last year—and the state's other major public pension funds are on the same sub-par track. Read More
The number of government retirees allowed to collect both a paycheck and public pension has grown by 9 percent, according to data posted today on SeeThroughNY, the Empire Center’s transparency website. Of the 933 active “double-dippers,” eight are eligible to take home more than $300,000, and at least 30 can take home more than $200,000. Read More
The hastily approved raise for New York’s governor had an unintended consequence: sweetening the Tier 6 pension plan enacted in 2012 and saddling taxpayers with an untold amount of higher pension costs. Read More