

Recent trends on Wall Street indicate that public pension funds with fiscal years ending June 30 probably missed their rate-of-return targets for 2012. I delve into one plan in particular — the New York State Teachers’ Retirement System — on the editorial blog at Newsday.
Tags: Public Pensions
You may also like

NY Taxpayers Face Bitter Truth from Sweeter Pensions
Governor Hochul and state lawmakers this year approved a costly giveaway for public employee unions that retroactively hiked pension benefits. Now the bill is arriving. Read More

DiNapoli bolsters pension fund stability—and cuts tax-funded costs
DiNapoli announced today that he's approved a recommendation by the State Retirement System Actuary to reduce, from 6.8 percent to 5.9 percent, the assumed rate of return (RoR) on investments by the $268 billion Common Retirement Fund, which underwrites the New York State and Local Employee Retirement System (NYSLERS) and Police and Fire Retirement System (PFRS), of which the comptroller is the sole trustee. Read More

The Gov’s pension
There are several (dozens? hundreds?) of unanswered questions as the fallout from Andrew Cuomo's resignation earlier today continues. Among those are questions related to his pension, some of which can be answered, sort of.
Read More

NYSTRS bill to drop again
The New York State Teachers' Retirement System (NYSTRS) will reduce its pension contribution rates for a third consecutive year in 2017-18, even though the pension fund's investment returns came in well below its target rate in fiscal 2016. Read More

The new (old) normal of NY pensions
The Empire State's largest public pension plan still has not fully recovered from the financial crisis and Great Recession of 2008-09, a new report from the state comptroller's office confirms. Read More

DiNapoli’s “slight gains” in context
New York's largest public pension fund earned 2 percent in its first fiscal quarter—which isn't necessarily good or bad news for taxpayers. Read More

NYC pension costs shooting up
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

Skelos pension could exceed $95k
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
NY Taxpayers Face Bitter Truth from Sweeter Pensions
- September 6, 2024
The Gov’s pension
- August 10, 2021
NYSTRS bill to drop again
- October 28, 2016
The new (old) normal of NY pensions
- September 1, 2016
DiNapoli’s “slight gains” in context
- August 16, 2016
NYC pension costs shooting up
- July 28, 2016
Skelos pension could exceed $95k
- December 10, 2015