Friday, May 21, 2010

Padded public pensions in New York State

The New York Times' Mary Walsh and Amy Schoenfeld have a good story on some very young retirees in New York State getting some very high public pensions.

In Yonkers, more than 100 retired police officers and firefighters are collecting pensions greater than their pay when they were working. One of the youngest, Hugo Tassone, retired at 44 with a base pay of about $74,000 a year. His pension is now $101,333 a year.

Worth checking out.

Also worth looking at is the database they have assembled of retired New York State public employees receiving pensions in excess of $100,000. A quick look found my high school football coach, pulling in $103,000 per year. That said, he actually produced the goods – not many teachers deliver the equivalent of multiple unbeaten seasons.

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