Tag: Public Pensions

An influential state lawmaker from Brooklyn is blasting Mayor de Blasio for holding up legislation that boosts pension benefits for injured cops and firefighters. Read More

New York State's largest public pension fund earned 7.16 percent — short of its 7.5 percent target — during the fiscal year ending March 31, state Comptroller Thomas DiNapoli announced today. The $183.5 billion Common Retirement Fund, of which DiNapoli is sole trustee, had previously announced a first-quarter gain of 3.8 percent, a second-quarter loss of 0.52 percent and a third-quarter gain of 1.91 percent. Read More

Last week, the Illinois Supreme Court struck down a desperately needed overhaul of that state’s massively underfunded pension system. The case has chilling implications for Albany as well as Springfield — and for New York City as well as Chicago. Read More

Many municipalities in New York have begrudgingly borrowed to pay off annual pension costs in recent years, but they are doing less of it, state records show. 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

A legislative proposal aimed at the heart of Albany power seeks to address the increase in six-figure public pensions by barring the use of overtime pay and unused sick time and vacation days in their calculation. 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