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

When the Empire Center posted a list on its website of the 665 public employees “double dipping” — or collecting public sector pensions while getting paid for other public sector jobs — Herkimer County’s Dr. Vinay Patil emerged as one of the highest-paid at $210,000 annually. Read More