New York Post- The number of educators banking six-figure annual pensions in New York state surged 23 percent last year, according to a report. More than 3,000 retirees drew pensions of more than $100,000 in 2017, according to data compiled by the Empire Center for Public Policy. Forty-six retirees bagged more than $200,000 — including Schools Chancellor Carmen Fariña, who collected $215,582 on top of her yearly $233,430 city salary. She began receiving pension checks upon retiring in 2006 after a 40-year career in city schools. Nine educators received pensions of more than $300,000 and five drew more than $400,000. The pension king continues to be Edgar McManus, 93, a retired Queens College history professor who raked in $561,286 last year. The Manhattan resident retired in February 2012 after more than 50 years on the job. His final salary was $116,364. The second-biggest pension, $436,391, went to DOE employee Mary E. O’Brien, who retired in July 2012. “We can’t say exactly what was responsible for the jump, but it’s a trend we’ve seen across the state where taxpayers are on the hook for an increasing number of six-figure pensions,” Empire Center analyst Ken Girardin told The Post. Unlike many pensions from private companies, public pensions in the city and the state “aren’t fixed and often rise from cost-of-living adjustments,” Girardin said. Factoring in his World War II military service, McManus, who called it quits at 88, was credited with 61 years of service. McManus, a widower who turns 94 in March, is beating the odds. “I must have disappointed them. They thought I was going to die on the spot,” he told The Post last week. “Everybody enjoys being Number 1,” he said. “It’s better than being Number 2, isn’t it?” —————————————— Taxpayers getting fleeced as usual! Public unions should be broken up and made illegal and their pensions should be turned into individual 401k’s. People should not work for 25 years and then get paid not to work for the rest of their lives at the expense of taxpayers!!! And don’t even get me started on the healtchcare benefits and COLA!!!
But somehow it's Trump's tax policy that is the problem, because people will now be forced to choose whether they want to be fleeced (as they can no longer deduct huge SALT deductions from federal tax) in order to support massive waste or whether to move to a more attractive tax locale).
Right, a 300 billion yearly structural deficit at the federal level is NOT a problem because of New York state pensions in a state with multi billion dollar budget and a state that CONTRIBUTES more to the federal government than it takes in. And the con claims to be a 'CFO' Cons whining about California and New York all the time but not a peep from them about the inbred shitholes that mooch off these very states. Which states should California and New York look up to exactly? Crickets.