ALBANY – New York’s pension system is paying out about $531,000 a year to 14 former state lawmakers and officials who have been convicted of a crime, state records show.
All told, the state’s $176.8 billion retirement fund has paid out roughly $4 million over the past 15 years to ex-legislators after their convictions, according to a Gannett Albany Bureau analysis of data provided by the state Comptroller’s Office.