Saturday, August 11, 2018

New York’s growing six-figure-pension club

The New York Post reports:
The hit on New York taxpayers continues to grow, with the number of $100,000-plus retirees up 20 percent last year.

As the Empire Center reported this week, the number of six-figure pensioners in the state pension system is nearing 5,000 — up 756, or 20 percent, from 3,817 in fiscal 2017. Of those, 20 rake in more than $200,000 a year; three get 300 grand-plus.

Heading the pack: Shashikant Lele, a retired doctor at the Roswell Park Comprehensive Cancer Center, who pulls in $436,356 annually.

You thought government salaries were high? At least staffers are expected to work in return for their fat pay. Yet those generous paychecks drive up retirement payouts. As do the ludicrously sweet pension terms OK’d by Albany over the years.
The tensions between taxpayers and consumers of taxes.