Tag: Public Pensions

Thirteen percent of newly retired members of the state Police and Fire Retirement System (PFRS) in 2010 qualified for a pension of more than $100,000, according to data posted at SeeThroughNY.net, the Empire Center’s government transparency website. Most of the 125 new PFRS retirees with six-figure pensions worked for agencies on Long Island and in the lower Hudson Valley, including the Port Authority of NY & NJ, continuing a trend that has developed in the past decade. Read More

Just over two years ago, New York State enacted what then-Gov. David A. Paterson presented to the world as "landmark pension reform." In his 2012-13 budget proposal this week, Gov. Andrew M. Cuomo raised the subject of pension reform all over again. Why? Because Paterson's bill was a "landmark" only in the annals of Albany political hyperbole. Read More

A popular retirement plan first authorized almost 50 years ago for employees of the State University of New York (SUNY) can be a model for a defined-contribution option that would be offered to all new state and local employees under Governor Andrew Cuomo’s Tier 6 pension reform proposal, according to a report released today by the Empire Center for Public Policy. Read More