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Cuomo Plans Pension Board Overhaul

NY Attorney General seeks to propose adding 12 members to NY's pension fund board.

The New York Attorney General is likely to propose the addition of 12 more members to the board of the Empire State’s pension fund, PlanSponsor reports. As part of the present law, the state controller is the pension system’s only trustee.

Andrew Cuomo will propose a board, which will include the state controller as Chairman, one member each appointed by the governor and attorney general and four legislative leaders. The board will be rounded out by various state and local workers and retirees and a police-fire pension fund representative.

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