A new license to double dip more deeply by E.J. McMahon | | NY Torch

Not all "double dipping" is bad
The final version of the Public Protection and General Government budget bill contains a new provision, originating in the legislative version of the proposal, that will allow the education commissioner to waive the $30,000 public employment earnings limitation for any retired police officer employed as a “school resource officer.”

NY’s big, fat pension gimmick compromise by E.J. McMahon | | NY Torch

So, in the end, the state’s pension guardian caved, after all. To his credit, Comptroller Thomas DiNapoli did not embrace Governor Cuomo’s dubious proposal to allow localities to massively underpay pension contributions to the New York State and Local Retirement System...

Senate pushes its own pension gimmick by E.J. McMahon | | NY Torch

The state Senate’s one-house budget puts its own twist on Governor Cuomo’s dubious pension “smoothing” plan. The Senate version would give the state, as well as localities and school districts, the option of significantly under-paying pension contributions over the next few years...

NYSUT: our pensions are none of your business by E.J. McMahon | | NY Torch

The statewide teachers union is celebrating a court ruling that, in contravention of long-established precedents, would allow the New York State Teachers Retirement System to treat the identities of its pension recipients as confidential information. The Empire Center will be seeking leave to appeal the case, as our director, Tim Hoefer, announced yesterday.

Not quite double-dipping by E.J. McMahon | | NY Torch

Kathy Marchione, 58, “retired” as Saratoga County Clerk before taking office as a state senator this year. That reportedly qualified her to start collecting a $66,000 pension—the equivalent of a job paying over $70,000 a year, after adjusting for the fact that pensions are not subject to payroll or state income taxes. Which is not too shabby, considering the average private sector pay in the Capital Region was just over $43,000 as of 2011...

News flash: teacher pension costs to rise by E.J. McMahon | | NY Torch

The New York State Teachers’ Retirement System (NYSTRS) has just informed school districts across the state that their teacher pension contribution rates for the 2013-14 school year will rise from the current 11.84 percent to between 15.5 and 16.5 percent of salaries — which would translate into an additional taxpayer costs totaling $539 million to $686 million, based on the latest available teacher payroll figures.

Public pension costs rising again by E.J. McMahon | | NY Torch

State Comptroller Thomas DiNapoli has marked the beginning of Labor Day weekend by announcing the next wave of increases in taxpayer-funded pension costs for local governments throughout the state (except New York City, which has separate systems).
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