David Paterson’s Pension: $64,938 A Year

0

As we wait for bills to pass in the rest of session — the Assembly is passing the federal health-exchange bill now — here’s an aside: former Gov. David Paterson is collecting a $64,938 a year pension for his 27 years in state government, according to the state Comptroller’s Office.

Paterson officially entered the state retirement system on January 1 when his term as governor expired. His pension is a little less than initially estimated last year because retirees often defer compensation for spouses.

Also, for the 11 lawmakers who last year put in to collect their pensions and salaries, there final yearly pensions have been calculated by the Comptroller’s Office. They also are a little lower than initially estimated.

The most is going to Assemblywoman Earlene Hooper, D-Nassau County, who is getting an $81,857 pension for her nearly 43 years of service. She has a salary of $104,500.

Assembly Ways and Means chairman Herman “Denny” Farrell’s pension is a close second at $81,618 for his nearly 48 years of public service, while Assemblyman David Gantt’s pension is $71,663.

Share.

About Author

Comments are closed.