The stock market's recent performance suggests that the New York State Teachers' Retirement System (NYSTRS) had trouble meeting its ambitious 8 percent return target during its most recent fiscal year, which ended a week ago. Read More
Tag: Public Pensions
Seizing on the hardships of young firefighters and cops who have received skimpy disability pensions after being forced into retirement by line-of-duty injuries, unions representing the Bravest and Finest are pushing to roll back hard-won pension reforms. Read More
The Empire Center argues that the tax cap as it is written now is working and should be made permanent. E.J. McMahon, the president and founder of the Empire Center, makes the case for the cap. McMahon will also discuss new data on firefighter pensions. Read More
In what's becoming annual tradition, a handful of bills increasing pension benefits for groups of public employees passed in New York's Legislature this year. Read More
Now we know why the unions fought so hard to keep it a secret: The Empire Center for Public Policy reports that FDNY pensions averaged $100,000 for new retirees these past seven years. Read More
The average FDNY firefighter retired with a pension of more than $100,000 over the last seven years, according to an analysis of pension data released Tuesday. Read More
Firefighters who retired last year are pulling in annual pensions averaging $100,636 because the majority left on disability and is collecting three-quarters of their final salaries, a watchdog group said Tuesday. Read More
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