Increase had been anticipated Employer contribution rates for the New York State and Local Retirement System will decline slightly in Fiscal Year 2014-15, New York State Comptroller Thomas P. DiNapoli announced this week. The average contribution rate for the Employee Retirement System (ERS) will decrease by 0.8 percent of payroll, from 20.9 percent to 20.1 […]
PRESS RELEASE FROM LEGISLATOR AND COUNTY EXECUTIVE CANDIDATE ED DAY Rockland County Legislator Ed Day is sponsoring two resolutions that, if passed, would strip elected officials of pension and retirement benefits when an official is convicted of any felony offense against public administration while holding elective office. “Enough is enough. We need to take bold and aggressive action […]
BY PUBLISHER EMERITUS ARMAND MIELE Here we go again. On Tuesday, February 27, the New York Times reported Rockland County as sixth among the state’s top 25 borrowers from New York’s pension fund (Danny Hakim, “Cities Borrow From Pensions To Pay Them”, citing a report by the Office of the State Comptroller). The New York […]