Saturday, May 2, 2026

Cost Structure of the Medicare Program - Who Pays for What

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Please look at the actual numbers below for the 2024 Medicare program. They come from the Trustees Report issued last June (2025). Pep...
Friday, April 17, 2026

The Legacy Replacement Project Has Gone Dark - April, 2026

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With the quote below from the FY-2025 financial report, you can see that NYCERS is struggling with a major crisis in its massive $8...
Thursday, March 19, 2026

The Legacy Replacement Project (LRP) Fiasco - Trustees - Admin Budget for FY-2027

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The NYCERS Trustees will be meeting with NYCERS staff at the end of this March to prepare the agency's FY-2027 admin budget. Budget...
Saturday, March 14, 2026

Because A Criminal Can Be in the White House – Need to Reform DOJ

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The Problem Congress created the Office of the Attorney General in 1789 and the DOJ in 1870. Both items are not embedded in the C...
Saturday, February 21, 2026

The Trustees Wake Up – NOT!

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It’s nice to know that someone is reading my posts. The NYS Open meetings Law requires that the NYCERS trustees adopt a resolution ...
Sunday, January 18, 2026

Did the Trustees Really Appoint a New Executive Director - There is No Public Record?

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The previous NYCERS executive director retired last May (2025) and in response the NYCERS trustees appointed the current deputy exec...
Friday, January 16, 2026

$634.1 Million in Investment Fees for FY-2025 - Growing Risk Level in NYCERS Investments and Runaway Fees.

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Runaway Investments fees In FY-2000 NYCERS paid $37.4 million in investment fees for an asset base of $42.8 billion. ...