Gov. Cuomo still set to receive hefty pension
The question of Gov. Cuomo’s pension benefits and the amount of that benefit still lingers.
Democratic Assemblyman Angelo Santabarbara has proposed legislation that would strip state officials of their pension if they were to be impeached.
As things stand right now, Cuomo is set to receive his state pension. If he were to be impeached, he would also still receive his pension.
Tim Hoefer, the president and CEO of the Empire Center for Public Policy, says the pension is calculated based off of the average of your final three-year salary and the amount of time you served in office. Cuomo served at least 15 years, if you include the time he served as the attorney general. Plus, Hoefer says his final average salary is around $203,000.
"When you plug that into a pension calculator, it spits out that he’d be eligible for up to at least $50,000 annually in a pension plan," said Hoefer.
Hoefer says that’s just the minimum. It could be even higher.
Learn why Hoefer says it’s so important for the citizens of New York to be educated on this topic by watching the video of Jonathan Hunter’s story.