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
Tag: Public Pensions
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
Two late-breaking bills stand out among more than a half-dozen pension sweeteners passed by New York’s state Legislature during the final days of the 2014 session. One would restore a benefit cut by Gov. Cuomo's Tier 6 reform, and the other would vastly expand pension credit for time served in the military. Read More
Both houses of the New York State Legislature have now approved a bill expanding the share of public pension funds that can be invested in complex, high-risk alternative assets such as private equity and hedge funds. Read More
New York’s public pension funds will have the green light to significantly increase their asset allocations to “alternative investments,” such as private equity and hedge funds, under a bill that looks greased for passage in both houses of the state Legislature. Read More
In the state's largest (but not only) public pension plan, the number of retirees with six-figure benefits has more than doubled in the past five years. Read More
Public employee unions can’t invoke the Triborough Amendment to preserve old pension plans that did not require employee contributions, the state Court of Appeals held in two cases this week. The rulings, favoring management in the cities of Yonkers and Oswego, were a solid win for taxpayers. Read More