These lucky public servants have a pay deal that’s twice as nice. They’re in a select group of 665 city and state employees under age 65 who draws hefty government salaries at the same time they rake in public pension cash, says a watchdog group that wants more scrutiny of double-dipping. Read More
The earnings limit for younger retirees collecting both pensions and pay from government can be waived “temporarily” in certain circumstances. Read More
Retired New York state and local government employees under the age of 65 cannot collect full public pension benefits if they earn more than $30,000 by returning to work for a state or local agency – but the earnings limit for younger retirees collecting both pensions and pay from government can be waived “temporarily” in certain circumstances. Read More
The Corrections Department and other state agencies need to keep in mind the short- and long-term burden to taxpayers as they operate, said Tim Hoefer, executive director of the Albany-based Empire Center for Public Policy, a fiscally conservative government watchdog group. "Every decision you make that has to do with a public employee goes back to a taxpayer," said Hoefer. Read More
State Comptroller Thomas DiNapoli likes to point out that he oversees one of the nation's best-funded public pension systems. That's true—although, given the competition, it's not nearly as impressive as it may sound. Read More
“This is an unsustainable model that gets more expensive year after year,” said Empire Center Executive Director Tim Hoefer. Read More
The number of people receiving pensions larger than $100,000 from the New York City Teacher Retirement System doubled between 2008 and 2013, according to data obtained by the Albany-based Empire Center and posted at SeeThroughNY.net. Read More
The $300 billion California Public Employees' Retirement System (Calpers), America's largest public pension fund, is eliminating its $4 billion stake hedge funds due to their "complexity, cost, and the lack of ability to scale," the fund's interim chief investment officer has just announced. But the the $180 billion New York State and Local Retirement System (NYSLRS), the nation's second largest public pension fund, is poised to move in the opposite direction. Read More