Florida is luring more than just New York’s residents. It’s also absorbing a growing pile of cash from the state’s largest pension. Read More
Tag: Public Pensions
He was shocked — shocked — that Sheldon Silver did anything wrong. The founder of a law firm that paid Silver millions over a dozen years for doing virtually no work gave the disgraced Assembly speaker his walking papers Wednesday. Read More
Sheldon Silver's 38 years in the Assembly allowed him to amass immense political power which he is accused of abusing to pocket millions of dollars in kickbacks. And it's that 38 years in a public office that will give him a pension worth more than the annual salary of a rank-and-file assembly member. Read More
If Sheldon Silver remains a rank-and-file legislator after stepping down as Assembly speaker, he will be losing money on the deal, according to the Empire Center's pension calculator. Read More
Proposed legislation can wait decades for two-house passage Read More
It’s going to be a very happy new year for nine veteran state lawmakers who will “retire” Jan. 1 to collect their pensions — but remain in office on full salary. Read More
A bill expanding the share of New York public pension funds that can be invested in complex, high-risk alternative assets such as private equity and hedge funds has been vetoed by Governor Andrew Cuomo. Read More
Showing contempt for the public — if not also for the courts — retirement funds representing the city’s cops and firefighters are stonewalling a judicial order to make public the names of all their pensioners. Read More