Posts tagged New York City Employees’ Retirement System
NYC lifeguard ‘Boss of the Beach’ scores $570K pension on taxpayers’ tab: report
August 7, 2026 // A controversial former Big Apple chief city lifeguard nicknamed “Boss of the Beach” raked in a staggering $570,419 pension last year, according to the Empire Center for Public Policy, a nonprofit government watchdog. Ex chief lifeguard and union boss Peter Stein’s taxpayer-funded golden parachute comes after a longtime dual career where he also served full-time as a middle school gym teacher In Brooklyn — calling it quits while under investigation by the city Department of Investigation.
NYC Employee Pension Payments Cross $6 billion; 70 Members Collect $200k+
June 21, 2025 // The pension plan covering most New York City government agencies, including the City’s subway system, had 70 members with pension payments of at least $200,000 last year, almost quadrupling 2019’s tally of 19, according to new data posted today at SeeThroughNY.net, the Empire Center’s transparency website. According to the data collected from the New York City Employees’ Retirement System (NYCERS), total payments climbed to $6.05 billion in 2024, a five percent increase since 2023 ($5.78 billion).
ESG Is a Front for Labor
July 24, 2023 // House Republicans have declared July “ESG month,” planning hearings and bills to push back against politicized environmental, social, and governance investing. Yet so far, lawmakers have almost exclusively focused on environmental issues. Republicans should also pay attention to the “S” in ESG, which labor unions are using to advance their agenda at the expense of workers, their own members, and even taxpayers — a problem that President Biden has significantly worsened. The 2023 proxy season, which started in January and ended in June, shows the union campaign in action. Union funds and their allies, such as the New York City Employees’ Retirement System and like-minded investment managers, introduced many ESG-focused shareholder proposals designed to accelerate unionization. Consider Apple, which was targeted by five New York City pension funds, multiple investment managers, and the SEIU Master Trust Pension Plan, among others.