Tag: Public Pensions

The New York State Teachers' Retirement System (NYSTRS) will reduce its pension contribution rates for a third consecutive year in 2017-18, even though the pension fund's investment returns came in well below its target rate in fiscal 2016. Read More

Fiscal watchdogs note many elected officials initially didn't have to worry about pension costs a decade ago. Now the rates are closely watched for what they could mean for property tax bills. "Pretty much the entire generation of state and local elected officials took office and came into their own during a period when pension costs were artificially low or rock bottom," said Empire Center President EJ McMahon. Read More

New York City firefighters and fire officers who retired during the 2016 fiscal year were eligible for average pensions of $119,863, a 6 percent increase over the previous year, according to data gleaned from 15,557 Fire Department pension records updated today on SeeThroughNY, the Empire Center’s transparency website. Read More

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The Empire Center is an independent, non-partisan, non-profit think tank located in Albany, New York. Our mission is to make New York a better place to live and work by promoting public policy reforms grounded in free-market principles, personal responsibility, and the ideals of effective and accountable government.

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