After announcing his resignation amid a probe into allegations of sexual harassment, Democratic New York Governor Andrew Cuomo has filed retirement paperwork that will net him $50,000 a year for the rest of his life, according to a new report.
The New York Post, citing state laws, reported that “neither resignation or impeachment for alleged misconduct bars resignation or impeachment for alleged misconduct bars eligibility from obtaining a pension for state service.”
Cuomo, who was set to run for a fourth term in 2022, has logged 15 years of service in the government: 11 years as governor, and four years as attorney general.
“So if you’re wondering, without a felony conviction and several other steps, Cuomo would be eligible for his full pension, at taxpayer expense, for the rest of his life,” Tim Hoefer, president and CEO of the Empire Center for Public Policy, told the Post.
“The Empire Center crunched the numbers based on Cuomo’s annual pay and years of service and estimated he would be eligible for $4,222 a month in retirement income or $50,662 a year for the rest of his life,” said the Post. “Currently, a public official could have his or her pension reduced or revoked if convicted of a felony under the ‘Public Integrity Reform Act’ approved by Cuomo in 2011, his first year as governor.” – READ MORE