Despite his resignation after a scathing report from Attorney General Letitia James- Governor Andrew Cuomo will receive upwards of $50,000 per year via pension.
Unless he’s convicted of a felony, or a bill passes to amend the state constitution and retroactively claw back the payments- they will continue for the remainder of his life.
“What you need to know as a user is the age of retirement, the number of years worked that count towards the pension, the final average salary—which is the average of the three highest years—and then, roughly, when the person was hired,” Tim Hoefer, the president and CEO of the Empire Center explained.
Cuomo is a Tier 4 member of the New York State and Local Employees’ Retirement System. As of June 30, 2021 he has 14.48 years of service credit.
Neither resignation nor impeachment constitutes grounds to strip a governor’s pension. Felony charges would have to be brought- and a conviction. It would be a lengthy process, experts say.
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