Despite Resigning in Disgrace, Cuomo Stands to Collect Substantial Pension

A majority of New York lawmakers were ready to remove Gov. Andrew Cuomo from office over misconduct allegations, a removal that was only averted by his resignation. But despite the near-universal condemnation of his actions as governor, Cuomo still stands to earn a substantial pension from taxpayers for his time in office.

News reports this week indicate that Cuomo has filed for his pension as the date when he has promised to resign, Aug, 24, draws near.

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Commentary: Senators Grassley and Alexander Tackle Projected Union Pension Collapse

Our nation’s pension systems are in trouble.  Underfunded with outsized promises to beneficiaries who are living longer, the death rattles of the defined benefit pension system, which promises a fixed amount of money per month for retirees, are now audible.

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