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State comptroller's office refutes Stratton's claim of pension error

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The state comptroller’s office has confirmed that Schenectady did not make a mistake when it kept Fire Chief Robert Farstad in a less-valuable pension plan. Mayor Brian U. Stratton had tried to defend his secret deal with Farstad — which would have nearly doubled the chief’s pension — as a matter of fairness to recompense him for the city’s “error.” But there was no error, according to the state. “He wasn’t eligible for the E,” ...

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November 25, 2010
5:23 p.m.

[ Flag Post ]

Why do public officials persist in thinking that the public pension trusts are some magical trough of 'free money' ?!?!

Sooner or later you have to pay the piper!

November 25, 2010
6:27 p.m.

[ Flag Post ]

Unfortunately for Mr. Stratton, this whole pension affair could well be the end of his political career. The public has no more patience for elected officials that game the system to their own benefit of that of their inner circle. This is especially true in Schenectady!