Working added overtime to increase retirement benefits—i.e., pension padding or “spiking”—is an old tradition in the public sector, especially among police officers, firefighters and other employees working under contracts that provide them with ample overtime opportunities. Read More
As the clock ticks down towards Thursday’s adjournment of the state Legislature, Senate Republican leaders apparently are blocking a vote on a bill designed to ensure that the names of New York’s public pension recipients are (once again) unequivocally treated as public information. Read More
Unlike state Comptroller Tom DiNapoli, who says he’s still thinking it over, one upstate local official has already concluded that Governor Cuomo’s local government pension smoothingproposal would be a bad deal. Read More
In lieu of actual mandate relief, Governor Cuomo wants to make a seemingly irresistible offer to local governments. Read More
The agreed-upon Tier 6 bill restores much of the benefit reduction originally proposed by Governor Cuomo–especially for career employees. Read More
It’s an open-and-shut case: The public has a right to know which retired public employees are earning pensions and just how much they’re pocketing. Read More
There was virtually nothing new in Comptroller Thomas DiNapoli’s speech on public pensions in Washington, D.C., yesterday — nothing the comptroller hasn’t said before, as recently as a month ago. Read More
Leveraging his clout as sole trustee of New York State’s $160 billion Common Retirement Fund, Comptroller Thomas DiNapoli is making increased use of corporate shareholder resolutions to push political and social agendas that have little or nothing to do with corporate performance Read More