Tag: Public Pensions

Taxpayer-funded pension contributions in New York City will need to increase by a total of $732 million between fiscal years 2018 and 2020 due to the pension funds' paltry investment earnings in the recently concluded 2016 fiscal year, City Comptroller Scott Stringer has just disclosed. Read More

During the first few years after Wall Street prices bottomed out in 2009, public-pension funds across the country reaped double-digit returns. They were riding a bull market pumped up by ultra-low interest rates, and it wouldn’t last. Now pension managers have been struggling to break even — the predictable outcome of a funding strategy that continues to expose taxpayers to unreasonable long-term risks. Read More

More than 500 people have sought and received permission to collect public pensions while being paid by state or local governments since 2015, according to data added today to SeeThroughNY. Read More

A recent report from the Empire Center shows the average New York state teacher who retired after working 30 years for the state's public schools collected an average of $67,476 per year in pension income, which is not subject to state income tax or federal payroll tax. These pension recipients are also eligible for Social Security and often have free or low- cost health insurance. 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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