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
Tag: Public Pensions
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
The Empire Center for Public Policy is seeking to intervene in a lawsuit initiated by New York City firefighter unions in an attempt to block the release of pension recipients’ names alongside individual pension benefit amounts. Read More
A total of 665 state and local government workers have permission to collect both a full-time salary and retirement payments, according to a new report. Read More