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Keep pension data public

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Public employee pensions are a hot topic these days, as governments and their taxpayers struggle to keep up with the skyrocketing cost. To understand the growth in pension spending, and detect abuses, the public and press need to know the names of retirees and the amount of their pensions. This information was routinely released upon request in the past, but thanks to some legally dubious decisions by New York City pension funds and state courts, ...


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comments

reader1
June 6, 2013
8:01 a.m.

[ Flag Post ]

Not sure why the actual names have to be released, a more important goal could be achieved by using a control number, perhaps similar to a social security or college ID # - it's the amounts (costs) and how it was calculated/earned which are important, not the names of the individuals.

For example, the number could signify police, fire, county pension was earned in, and more important than the name - the information could include highest salary held, years of service, even age at retirement - those are the really important facts. Releasing the name - what does that really tell the taxpayer that is relevant to the most important issue - the burden it places on the taxpayers, how long we can expect to pay the pension, and other issues related to reform.

wfmooney
June 6, 2013
8:11 a.m.

[ Flag Post ]

Please leave it alone for public employee pension for NYS tax exempt and exclusion only for abuser or corrupt public employees. Instead of New York State tax exempt for all non-public retirees who are 59 years old or older or disable person as $20,000 per person as right now. However, we like to tax exempt increase between $30,000 to $35,000 for all non-public retirees and it should be increase tax exempt between $200 to $1000 per year depend on current economy sitution. NYS $20,000 tax exempt for all non-public retirees is out of date for more than 20 years.

State of Maryland has already their increase tax exempt from $26,300 to $27,100 this year for all retirees or disable person. Eight years ago, it was about $18,000 tax exempt for all retirees or disable in Maryland.

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