{"id":19867,"date":"2010-05-21T15:33:42","date_gmt":"2010-05-21T15:33:42","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/padded_pensions_add_to_new_york_fiscal_woes\/"},"modified":"2010-05-21T15:33:42","modified_gmt":"2010-05-21T15:33:42","slug":"padded_pensions_add_to_new_york_fiscal_woes","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=19867","title":{"rendered":"Padded Pensions Add to New York Fiscal Woes"},"content":{"rendered":"<p>In Yonkers, more than 100 retired police officers and firefighters are collecting pensions greater than their pay when they were working. One of the youngest, Hugo Tassone, retired at 44 with a base pay of about $74,000 a year. His pension is now $101,333 a year.<\/p>\n<p>It\u2019s what the system promised, said Mr. Tassone, now 47, adding that he did nothing wrong by adding lots of overtime to his base pay shortly before retiring. \u201cI don\u2019t understand how the working guy that held up their end of the bargain became the problem,\u201d\u009d he said.<\/p>\n<p>Despite a pension investigation by the New York attorney general, an audit concluding that some police officers in the city broke overtime rules to increase their payouts and the mayor\u2019s statements that future pensions should be based on regular pay, not overtime, these practices persist in Yonkers.<\/p>\n<p><a href=\"http:\/\/www.nytimes.com\/2010\/05\/21\/business\/economy\/21pension.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In Yonkers, more than 100 retired police officers and firefighters are collecting pensions greater than their pay when they were working. One of the youngest, Hugo Tassone, retired at 44 with a base pay of about $74,000 a year. His<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=19867\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,151,619,596],"tags":[],"class_list":["post-19867","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-politics-in-general","category-state-government","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/19867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19867"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/19867\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}