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The New York State Common Retirement fund is a public pension plan for the employees of New York State government. As of 2018, it is the third largest public pension plan in the nation, and holds $207.4 billion in assets.
Estimated yearly retirement costs: $50,321 Average yearly earnings for 65+ households: $29,018 (13th highest) Average yearly homeownership costs for seniors: $21,648 (4th highest)
Some 33,638 retirees older than 65 left the New York metropolitan area from 2016 to 2017 while just 18,262 entered the region, according to a MagnifyMoney report published last week.
NEW YORK — A new package of New York laws will help volunteers and first-responders who aided the 9/11 rescue efforts access their pension and health benefits, state officials said. Five...
In many states, public employee pension plans are known as Public Employee Retirement Systems (PERS). Pension benefits may or may not be changed after an employee is hired, depending on the state and plan, as well as hiring date, years of service, and grandfathering. Retirement age in the public sector is usually lower than in the private sector.
The New York State pension fund, with $260 billion in assets, has hit Chipotle, Tesla, and Wells Fargo with shareholder proposals that would require them to disclose how much money the...
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