End Fraud and Abuse in the
NY State Pension System

Learn more about Andrew Cuomo's plan to end fraud and abuse in the NY State Pension System.

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Andrew Cuomo has been a leader in the fight to end fraud and abuse in the New York State pension system, saving taxpayers hundreds of millions of dollars.

• His investigation into the past management of the pension system has lead to guilty pleas by six individuals, the recovery of $130 million and a change in the way pension funds do business. Learn more.
  Andrew’s investigation of the New York State pension fund exposed rampant pay-to-play corruption and has, to date, led to guilty pleas by six people in connection with the scheme while setting a new standard of ethics – the Public Pension Fund Reform Code of Conduct – that is changing the way public pension funds do business nationwide. Fifteen firms have agreed to a code of conduct and $130 million has been recovered for the state and the pension fund.
• He lead the investigation of pension padding where employees manipulate their overtime before retirement to unfairly inflate their pension benefits.   Stopping pension padding could save taxpayers hundreds of millions of dollars in the future. Learn more.
  Andrew knows that New Yorkers are facing the highest public pension costs per resident of any state in the nation.  That’s why he launched an investigation into “pension padding,” the practice where public employees boost their overtime hours near the end of their career to inflate their pension benefits upon retirement.  To date, the investigation has uncovered padding occurring at public employers throughout the state.  Andrew knows the costs are high – if only 1% of the state’s 2009 pension costs were improperly inflated, eliminating those practices would save taxpayers nearly $500 million over the next 20 years – and he’ll spearhead legislation needed to prevent overtime abuses and save taxpayer dollars.
• He stopped the practice of lawyers in school districts obtaining pensions they did not earn, saving taxpayers millions. Learn more.
  Andrew’s statewide investigation of pension fraud by independent contractors working for our school districts saved New Yorkers millions of dollars. Andrew obtained nearly $2 million in restitution for taxpayers and, by stopping these contractors from collecting pensions they never earned, he made certain that millions of dollars in improper payouts would not be drained from the pension system in the future.  To stop these abuses from reoccurring, Andrew championed legislation based on his investigative findings.  In October 2008, the Government Accountability and Fraud Stop Act became law – creating tough new penalties for fraud and closing existing loopholes that permitted pension abuse.