close
close
Former civil servant is first half-millionaire in retirement

The number of retirees eligible for a pension of $200,000 or more from the New York State and Local Retirement System (NYSLRS) reached 78 in fiscal year 2024, according to new data published on SeeThroughNY.netthe Empire Center for Government Transparency website.

These 78 retirees include doctors from public hospitals, police officers, psychiatrists, government officials and others. Seventeen of the retirees were retired from the Port Authority of New York and New Jersey and another fifteen were retired from the Suffolk County Police Department.

The highest pension last year went to Kara Bennorth, a former communications manager at Westchester Health Care Corporation, who was entitled to $503,128 – more than half of which came from a surplus pension. Bennorth is the first person to qualify for a pension of more than $500,000 since Empire Center began collecting data in 2008.

The next highest pensions went to:

  • Dr. Shashikant B. Lele, Roswell Park Cancer Institute, $437,778
  • Richard J. Batista, Nassau Health Care Corp., $339,874
  • Paul E. Scott, Nassau Health Care Corp., $329,369
  • Brian M. Murray, Erie County Medical Center Corp., $327,322

Among the 13,234 newly retirees, those retiring after 20 years of service, 1,359 were police officers and firefighters enrolled in New York’s Police and Fire Retirement System (PFRS), who were entitled to an average pension of $94,558. In contrast, the rest of the newly retirees in the state’s Employees Retirement System (ERS) earned, on average, less than half the PFRS amount, at $44,101.

Six of the ten new retirees with six-figure pensions came from the PFRS, even though they represent only ten percent of the NYSLRS’s most recent retiree class.

The new data includes names and allowable pension amounts for 472,922 retirees from state, public and local government agencies, as well as non-teaching positions in school districts. The amounts, which are exempt from state income taxes, show what retirees could receive in the plan’s fiscal year 2024, which ended March 31.

Based in Albany, the Empire Center is an independent, nonprofit, nonpartisan think tank committed to advancing policies that can make New York a better place to live, work, and raise a family.

You may also like

Average new firefighter pensions in NYC exceed $150,000

Firefighters and fire officers in New York City who retired last year after ending their careers were entitled to average annual retirement benefits of $151,676, up six percent from the previous year, according to new data added.

NYPD pensions exceed $3 billion

Pension payments to the 52,417 retired police officers in the New York City Police Pension Fund (PPF) increased to $3.17 billion in fiscal year 2023, according to new data released today at Read More.

Massachusetts achieves better student outcomes at lower costs. Why?

Massachusetts has had better student performance than New York for decades, and at a much lower cost per student. In a new report from the Empire Center, a former member of the Massachusetts Board of Elementary and Secondary Education takes the first major step toward understanding this disparity by identifying key differences between the two states’ public education systems. Read more

Increase in overtime at the Port Authority destroys “cashless” savings

Seven employees at the Port Authorities of New York and New Jersey each made more than $200,000 in overtime last year, while total overtime hours soared, according to 2023 payroll data released today on SeeThroughNY, the Empire Center’s government transparency website. The increase in overtime over five years far exceeds the payroll savings the Port Authority made by phasing out toll collectors for bridges and tunnels over the same period. Read more

MTA payroll rises 9 percent as overtime gets out of control again

The Metropolitan Transportation Authority (MTA)’s payroll rose $663 million, or 9 percent, last year as overtime spending hit a new record and subsidiaries paid out $261 million in back pay, according to data released today on SeeThroughNY, the Empire Center’s government transparency website. Read more

Empire Center experts react to the 2025 budget

“This year’s budget process was an avoidable disaster. New York is the only state whose fiscal year begins on April 1, earlier than all others. This has contributed to Albany’s new old tradition of missing deadlines and then rushing to vote on bills before lawmakers can fully consider them. Delaying the start of the fiscal year would make the budget process more transparent and give lawmakers time to better fulfill their duty as the state’s governing body.” Read more

By Olivia

Leave a Reply

Your email address will not be published. Required fields are marked *