E.J. McMahon, president of the Empire Center, a fiscally conservative think tank, criticized the new law, particularly since it allows union officials to earn pensions through both systems at the same time. Read More
Tag: Public Pensions
E.J. McMahon joined Fred Dicker to discuss New York's public-sector pension funds. Read More
Massive but partially hidden funding shortfalls are a feature, not a bug, of New York City's public pension system and its counterparts across the country. Read More
"All of this points back to the unsustainability of the state's pension system," said Tim Hoefer, executive director of the Empire Center for Public Policy, an Albany-based think tank. Read More
“I think a lot of people might be surprised to the extent with which this happens around the state,” said E.J. McMahon, president of Empire Center for Public Policy, an Albany think tank. “You can actually bolster your pension with time spent working in uniform on private time.” Read More
The number of teachers in New York collecting pensions jumped 9 percent between 2010 and 2013, and the average pension grew 6.5 percent over that period, records show. Read More
The Web site SeeThroughNY, which monitors government pensions and payrolls, said the new retirees swelled the exclusive six-figure club to more than 2,700. The figure has doubled over the past five years, the group said. Read More
Misuse tax dollars? Falsify public records? Take kickbacks for votes and influence? You may go to jail, but you probably won't lose your taxpayer-funded pension, thanks to a loophole in a recent state law. Read More