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
Tag: Public Pensions
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
Most of New York’s local governments will pay less for their employees’ retirement benefits next year, despite the state pension fund anticipating a lower return rate on its investments. 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. Read More
The state Teachers Retirement System has officially announced it will lower the pension tab for the state’s nearly 700 school districts amid criticism that the fund has an expected rate of return that is too lofty. Read More
New York’s two-year-old Voluntary Defined Contribution (VDC) retirement plan—the most significant structural reform in Governor Andrew Cuomo’s 2012 Tier 6 pension legislation—is shaping up as a popular alternative among the relatively small number of government employees eligible to sign up for it. The 580 enrollees in the VDC plan between July 1, 2013 and June 30, 2015 include at least eight of the 29 state Assembly and state Senate members elected during that period, according to the plan managers at the State University of New York (SUNY). Read More
The state’s pension fund for 1 million current public workers and retirees may lower its estimated rate of return, a move that could increase the cost on local governments. Read More
Like mosquitoes in warm weather, schemes to boost the already generous pensions of state and local government workers return to Albany every year. Read More