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Title: DiNapoli tells state workers how to game pension system (Democrat helps fleece Taxpayers)
Source: NY Post
URL Source: http://www.nypost.com/p/news/politi ... ers_how_ekk28YKWFQ16vGfz8vYnOO
Published: Sep 4, 2010
Author: BRENDAN SCOTT
Post Date: 2010-09-04 10:28:50 by Nebuchadnezzar
Keywords: None
Views: 212

DiNapoli tells state workers how to game pension system

By BRENDAN SCOTT

Last Updated: 12:36 PM, September 3, 2010

Posted: 10:09 AM, September 3, 2010

ALBANY – Even while telling New Yorkers to pony up $1.3 billion more next year to cover soaring pension costs, Comptroller Thomas DiNapoli is advertising on his official Website how government workers can game the system.

DiNapoli’s helpful message “Life Changes: How do I… Prepare to Retire?” provides state workers a veritable how-to guide to pension padding. One jaw-dropping section titled “Increasing Your Final Average Salary — A Raise is Not the Only Way” encourages the practice of overtime spiking in which veteran workers pile on extra hours to pad their retirement benefits. FILE - In this Sept. 16, 2009 file photo, New York State Comptroller Thomas P. DiNapoli speaks during a news conference in New York. Wall Street bonuses were up 17 percent to over $20 billion in 2009, the year taxpayers bailed out the financial sector after its meltdown, DiNapoli said Tuesday, Feb. 23, 2010. (AP Photo/Mary Altaffer, File) AP FILE - In this Sept. 16, 2009 file photo, New York State Comptroller Thomas P. DiNapoli speaks during a news conference in New York. Wall Street bonuses were up 17 percent to over $20 billion in 2009, the year taxpayers bailed out the financial sector after its meltdown, DiNapoli said Tuesday, Feb. 23, 2010. (AP Photo/Mary Altaffer, File)

The document, which was reported today by the Rochester Democrat and Chronicle, seems to put the Democratic comptroller at odds with party standard-bearer Attorney General Andrew Cuomo who has made reining in pension abuse – overtime spiking in particular – a theme in his campaign for governor.

DiNapoli spokesman Dennis Tompkins said the "Message from Thomas P. DiNapoli," which was last updated in July 2009, points public workers to benefits they already have coming.

"This is not encouraging overtime spiking - It's saying that if you work the overtime you should get credit for it," Tompkins said. "We're not trying to drive up costs. We have a responsibility to make sure that they get all the benefits they're entitled to. All were doing is advising them what's available to them under law."

Just yesterday, DiNapoli praised the creation last year of a new less-generous pension tier that, among other things, seeks to control overtime spiking for new workers. He made the remarks while announcing that pension fund losses would force taxpayers to cover a 37 percent increase in pension fees.

DiNapoli has enthusiastically touted the endorsement of leading public employee unions while defending his seat against Republican Harry Wilson, a former hedge fund manager.

Read more: http://www.nypost.com/p/news/politics/dinapoli_tells_state_workers_how_ekk28YKWFQ16vGfz8vYnOO#ixzz0yZSvoqxW

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