New York can’t afford costly retiree benefits
Some years ago, my husband and I both retired, I as a part-time school office employee and my husband as a full-time worker for a well-respected local manufacturer. I recently discovered my part-time retirement benefits from the state retirement system now surpass my husband’s full-time benefits because of “cost of living” retirement increases voted by the state. Something is wrong here!
While I appreciate getting these small increases over the years, surely full-time retirees like teachers and politicians are adding millions to the tax rolls through increases in their benefits. How can the state, in good conscience, increase retirement benefits simply because it can pass the expense along with high taxes while the general public must be satisfied with receiving the same amount as at retirement?