From the NY Post:
Embattled Brooklyn Democratic boss Vito Lopez and 10 other state pols will give new meaning to the words "retired in office" on Jan. 1 -- when they start new terms hours after cashing in fat pensions, The Post has learned.
The 11 double-dipping state lawmakers -- including former state Democratic Chairman Herman Farrell and former Bronx Democratic Chairman José Rivera -- are the latest to take advantage of a mind-boggling loophole that allows some elected officials to collect pension checks while still in office.
The list of lawmakers who filed their "retirement" papers with the state Comptroller's Office by the Dec. 1 deadline includes seven Republicans and four Democrats.
Lopez, 69, can expect to receive an estimated $88,000 pension annually on top of the $92,000 salary he draws as the Assembly's Housing Committee chairman.
The 12-term assemblyman, who is reportedly battling a cancer relapse, has also been dogged by criminal probes into the Brooklyn charity empire he founded.
Meanwhile, Farrell, 78, is eligible for a pension worth a projected $108,000 over his $113,500 salary as Assembly Ways & Means chairman -- by far the largest haul of the 11 who took advantage of the loophole.
To claim the plush benefit an official need only "retire" Dec. 31 and show up after the confetti falls New Year's Day to get sworn-in anew. The Legislature closed the loophole in 1995, but politicians elected to office before that date can still collect.
Showing posts with label herman farrell. Show all posts
Showing posts with label herman farrell. Show all posts
Thursday, December 23, 2010
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