This winter, New York has had two major construction scandals. In March, Related, the giant real estate firm building out much of the Hudson Yards office and apartment site on Manhattan’s West Side, sued construction unions, alleging that they inflated costs by more than $100 million, including fooling Related into paying up to $70 an hour for someone who fetches coffee. Read More
Don’t hate retired sanitation worker Eugene Egan for his city pension of more than twice the $128,189 top salary he earned in 2015, his last year on the job; blame the politicians who created a system that saddles taxpayers with a ticking pension time bomb. Read More
After a two-year legal battle followed by two years of additional delays, the New York City Employee Retirement System (NYCERS) has released the full pension records for its retired members. Read More
Maximum pension benefits averaged $68,676 for the 2,495 members of the New York State Teachers Retirement System (NYSTRS) who retired in school year 2016-17 with at least 30 years of credited service time, according to data posted today on SeeThroughNY, the Empire Center’s transparency website. Read More
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. Use this calculator to see just how generous those benefits can be. Read More
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