Streams

Getting Vested in NYC

Friday, August 27, 2010

Charles Brecher, research director at the Citizens Budget Commission and professor of public administration at NYU, discusses the process of getting vested in New York City pension plans, and how that affects city council term limits.

Guests:

Charles Brecher
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Comments [2]

g.e.Taylor from Bklyn., NY

Brian:

The discussion has clarified nothing.

I would defy anyone who listened to it to tell what kind of pension a city councilperson gets.
(we'll leave aside the possibility that participating in the embezzlement of funds from the city budget would hopefully disqualify a person from receiving any pension at all) "vesting" does not mean that the employee is entitled to the entire pension. The "retirement age" does not have to be the same age that one qualifies for medicare.
Why doesn't the "discussion" include some numbers or examples?
Are the pension and medical benefit levels of city councilpersons a secret?
Are the citizens of NYC being taken to the cleaners (again) in the same manner as the citizens of Bell City, California?
http://www.reuters.com/article/idUSTRE66K6BX20100721

Aug. 27 2010 12:07 PM
IMHO

local and state politicians should never get pensions. period. eliminating pensions will create more turnover in those positions and discourage people from staying in office just for the benefits.

Aug. 27 2010 11:46 AM

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