Tag: Public Pensions

Dean Skelos, the former Senate Majority Leader who was convicted weeks ago of corruption, will retire officially Jan. 2, according to government records. And he's applying to receive his state pension. Independent think-tank The Empire Center calculates that pension at about $95,000 a year, based on the 32 years Skelos spent in the state Legislature and nine years in government elsewhere. Read More

Whoever said crime doesn’t pay hasn’t been to Albany. Disgraced Assembly Speaker Sheldon Silver hopes to soon join an exclusive club of 18 crooked ex-pols who pull down millions in taxpayer-funded pensions. The former lawmakers, who were censured, indicted or convicted, have collectively glommed more than $3.8 million since fiscal year 2010, Empire Center for Public Policy figures show. Read More

Sheldon Silver, who lost his seat in the State Assembly after he was convicted of seven federal felonies on Monday, has filed paperwork to receive a state pension. Analysts at the Empire Center, a fiscally conservative think tank, said it could be $98,010 a year. Read More

With his career in public service over, ex-Assembly Speaker Sheldon Silver promptly filed for retirement Tuesday — a day after his conviction on corruption charges. Silver stands to get a pension of as much as $98,000 a year because of his 44 years of public service and a salary that had reached $121,000 when he was collecting his base salary of $79,500 a year and $41,500 as speaker, the Empire Center estimated. Read More

It will be déjà vu all over again Monday for a Brooklyn Supreme Court judge, as lawyers for the city and a municipal pension fund argue that basic data about correction officer retirement payouts should be secret. The session before Justice Peter Sweeney will be the latest legal stonewalling in cases that stretch back almost six years to the day that the Empire Center, a taxpayer watchdog, filed a Freedom of Information Law request for the names of public pensioners and their annual payments. Read More

Starting next year, New York's state government plans to (finally) stop deferring a portion of its annual required pension payments—but over the next 10 years, it will still have to repay $3.3 billion it owes on pension fund borrowings since fiscal 2011. Read More