Well now Cuomo is dipping into your state pension fund.

[Clipper]

www.newsday.com/business/coronavirus/pension-loan-retirement-fund-1.44208409?fbclid=IwAR1u3BqVsO5ebU2pgJj5l8a1OG7IfCh9P0W9pSmMAEzurZZeA7AgD-P0i94

This will be another assault on retirees and pensions, just as the SS fund has become a slush fund for congress to dip into for anything that they can't fund by other means. I have a sneaking suspicion that the money will never find it's way back into the pension fund where it belongs. Kathy worked for 25 yrs for the State of NY. I fear that taking money from the pension fund will result in no cost of living raises for those who have retired and are receiving pension benefits.

Does anyone share my fear that the money will never be recouped by the pension fund? I may be reading the article wrong.

[clarencebunsen]

Wow. The NYS Pension Fund was always one part of the state government that was well run. Very risky investment.

[BHU]

Mario Cuomo dipped into the pension fund back in the 80's to help him out of a budget jam. CSEA sued him over that stunt & if memory serves me the state had to return the money. Albany politicians would love to get their fingers into that pie.