Friday, February 10, 2017

Retired New York City Educators are Receiving Average Annual Pensions as High as $88G, Report Shows

 
By Kenneth Lovett

ALBANY — Newly retired New York City teachers and administrators took home average annual pensions of as much as $87,945 last year, according to a report released Thursday.

The data released by the Empire Center for Public Policy said the average pension payments for all 79,742 retirees in New York City public schools was $43,701 in 2016.

By comparison, the average pension for those who retired with at least 25 years' experience in 2015 — and were paid in 2016 — was $68,796. It was even higher for those with at least 30 years of experience — $87,945.

The largest city school pension in 2016, according to the Empire Center, went to Patricia Filomena, who retired in 2015 and a year later collected $290,686 after accruing 52 years of service credit in a since-closed benefits tier. 

Click here for the full article.

Source: The New York Daily News (via The Empire Report)

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