Tag: Public Pensions

Following his conviction on federal corruption charges, former Senator Dean Skelos apparently will qualify for a public pension of up to $95,590 a year. 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

Still betting far too heavily on the stock market, New York State's main state and local government pension fund lost money in the first half of its current fiscal year. 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

The Nassau County Police Department is bracing for at least 70 retirements through the end of the year as officers take advantage of overtime earned during superstorm Sandy to boost their pensions. Read More

The state's Teachers Retirement System said its rate of return was 5.2 percent for last fiscal year and will lower its expected rate of return from 8 percent to 7.5 percent a year. Read More