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
Tag: Public Pensions
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
New York City’s pension costs will reach nearly $8.8 billion in the coming 2016 fiscal year — more than double the 2006 level and nearly eight times the 2001 amount. Yet now, with a week to go in the state legislative session, Albany is poised to drive those costs even higher. Read More
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