Monday, September 22, 2008

Objective - NYC Employees' Retirement System information

I will try to post information for NYCERS members and retirees about pension issues and dealing with NYCERS. I will also cover personnel, payroll, and budget issues that impact pension issues.

The current executive director has no previous pension experience and therefore brings no significant expertise to the operation of the agency. You should be especially skeptical of information coming from the agency and always look for a second opinion when dealing with the current administration at NYCERS.

The agency is a trust. The trustees are obligated to pursue the best interests of the members and retirees, not the participating employers, elected officials, or the labor unions sitting on the board of trustees.