Local governments are not racing to adopt the state's early retirement incentive, which would help trim their payrolls while increasing their pension costs. In St. Lawrence County, officials have advised county legislators to vote against offering... Read More
School superintendents don't get overtime, but that didn't prevent former Niagara Falls School Superintendent Carmen A. Granto Jr. from collecting a pension larger than his salary. He did so by cashing in 45 unused vacation days and 747 unused sick days... Read More
Discovering that government employees work extra overtime to spike their pensions is akin to learning there's gambling in Casablanca. Read More
Retired police officers who hope to collect a pension while working as a local police chief are facing new obstacles to double dipping. A 2008 state law has imposed a more stringent review process before any state retiree is granted a waiver allowing him... Read More
Cayuga County legislators will vote Tuesday on a plan to increase their pensions by reducing their workweek from 35 to 30 hours. If approved by the 15-member Legislature, members will qualify for full-time pension credit, rather than two-thirds... Read More
Officials in New Hartford say they were surprised to learn recently that town bookkeeper Carol Fairbrother retired in 2007 and now collects a pension of $42,696 on top of her $58,714 salary. Read More
The State Legislature appears close to passing a significant change in the law governing how the comptroller invests New York’s $120 billion Common Retirement Fund for state and local employees. But the bill has potentially far-reaching implications that deserve more careful consideration—and a public hearing. Read More
The employer share of pension contributions in New York has risen by more than $3 billion in the last five years, straining taxpayers throughout the state. Yet state legislators this year have passed dozens of bills—and introduced literally hundreds of others—that would further expand the already generous retirement benefits of government workers. Read More