Tag: Public Pensions

The number of teachers and administrators raking in six-figure annual pensions in New York state nearly tripled between 2009 and 2014, according to a new report. Data from the Empire Center for Public Policy, an Albany-based think tank, show that more than 4,800 school retirees were eligible to receive pensions of more than $100,000 in 2014, up from 1,600 in 2009. Read More

Five years ago, a taxpayer watchdog invoked the state Freedom of Information Law and started a court battle for access to the names of retired public employees who are collecting pensions, along with the amounts of their payments. Read More

New York State's largest public pension fund earned 1.91 percent during the quarter ending Dec. 31, state Comptroller Thomas DiNapoli announced today. Meanwhile, the New York State Teachers' Retirement System (NYSTRS) has confirmed its contribution rate will drop for the first time in five years when pension bills for 2015-16 come due in the fall. Neither announcement says much about the long-term future path of taxpayer-funded pension costs in New York, however. Read More

Instead of a gold watch, more and more teachers are getting gold-plated pensions when they retire. The number of retirees earning six-figure pensions from the city and state teacher retirement systems nearly tripled during the past five years, according to a report from the Empire Center for Public Policy released Thursday. Read More

Say this for Sheldon Silver, who steps down today after more than two decades as state Assembly speaker: He’s doing New York taxpayers an unexpected favor. Not only will Silver be saving taxpayers nearly $10,000 a year by not giving up his Assembly seat, he’s driving home a much-needed lesson about the urgent need for public-pension reform. Read More