Thursday, August 12, 2021

12 August 2021: Retiring Cuomo Would Collect $50K Annual Pension

Disgraced Creep Cuomo still eligible for $50,000-per-year state pension

This report describes the state pension New York will pay to Cuomo after he resigns:

Gov. Andrew Cuomo’s fall from grace will come with a nice golden parachute in the form of a $50,000-per-year lifetime pension that he will remain eligible for despite his resignation — provoking outrage from the disgraced executive’s critics.

The windfall for Cuomo, who announced his resignation on Tuesday in the midst of a sexual harassment scandal, is coming because he has accumulated 15 years of state service thanks to his 11 years as governor and four years as attorney general, a pension expert said.

“So if you’re wondering, without a felony conviction and several other steps, Cuomo would be eligible for his full pension, at taxpayer expense, for the rest of his life,” said Tim Hoefer, president and CEO of the Empire Center for Public Policy.

We don't think anyone would even blink at the annual pension amount had Cuomo chosen to resign months ago, before the incidents of his personal and official misconduct began finally being reported in the media.

The report does indicate that NY taxpayers offended at paying Cuomo a lifetime pension would have an option to cut the payments off, if prosecutors pursue a felony conviction for his misconduct:

Currently, a public official could have his or her pension reduced or revoked if convicted of a felony under the “Public Integrity Reform Act” approved by Cuomo in 2011, his first year as governor.

But resignation for wrongdoing or impeachment does not trigger a claw-back of a public official’s pension.

But will any prosecutors in New York pursue a felony conviction of Andrew M. Cuomo?