Tag: Public Pensions

New York State’s biggest public pension fund underperformed last year, returning 154 basis points less than the 7.5 percent return assumed in its actuarial calculations, which in turn ultimately drive taxpayer-funded pension contributions. Read More

The expected state court battle over newly enacted public pension changes in Illinois will bear close watching throughout the country–especially in New York. That’s because, when it comes to protecting pension benefits, the 1970 Illinois State Constitution closely follows the wording of New York’s 1938 State Constitution. Read More

In a landmark case brought by the Empire Center with the support of major news media and good government watchdog organizations, the public’s right to know the identities of public pension recipients in New York will be at stake in arguments heard next week by the state’s highest court. Read More

The final version of the Public Protection and General Government budget bill contains a new provision, originating in the legislative version of the proposal, that will allow the education commissioner to waive the $30,000 public employment earnings limitation for any retired police officer employed as a “school resource officer.” Read More