Tag: Public Pensions

The New York State Teachers' Retirement System (NYSTRS) earned only 5.2 percent on its investments—well short of its assumed rate of 8 percent—during the fiscal year ending last June 30. But taxpayer contributions to NYSTRS, already due to drop by more than four full percentage points of covered payroll in school year 2015-16, nonetheless are projected by the system actuary to decrease by a little bit more (up to 1.76 percentage points) in 2016-17. Read More

New York City firefighters and fire officers who retired during the 2015 fiscal year were eligible for average pensions of $113,341 pension, a nine percent increase over the previous year, according to data posted today on SeeThroughNY, the Empire Center's transparency website. Read More

More than 2,900 state and local government retirees are receiving pensions larger than $100,000, according to pension data added today to SeeThroughNY.net, the Empire Center’s newly relaunched transparency website. Read More

Just in time for Wall Street’s latest bout of bearish volatility, state Comptroller Thomas DiNapoli is taking an important step to fortify New York’s largest pension fund. Too bad he also passed up a golden opportunity to go further in the right direction. 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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