Saturday, September 10, 2011

More Retirees With $100,000 Allowances

Thirteen percent of newly retired members of the state Police and Fire Retirement System (PFRS) in 2010 qualified for a pension of more than $100,000, according to data posted this week at, the Empire Center's government transparency website. Most of the 125 new PFRS retirees with six-figure pensions worked for agencies on Long Island and in the lower Hudson Valley, including the Port Authority of NY & NJ, continuing a trend that has developed in the past decade.

The average pension for all newly retired PFRS members came to $63,791, while pensions averaged $29,988 for members of the New York State Employee Retirement System (ERS), which covers all county and municipal workers outside New York City.

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