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
Tag: Pensions
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
Maximum pension benefits averaged $68,902 for the 2,598 members of the New York State Teachers Retirement System (NYSTRS) who retired last year with at least 30 years of credited service time, according to data posted today on SeeThroughNY, the Empire Center’s transparency website. Read More
Six-figure pensions paid to retired city education professionals has more than quadrupled since 2008, according to recent data from Empire Center’s SeeThroughNY, a fiscally conservative think tank. Read More
The number of six-figure pensions paid to retired New York City education professions has more than quadrupled since 2008, according to data posted today on SeeThroughNY, the Empire Center’s transparency website. Read More