Gov. Cuomo and Public Pensions Published: June 9, 2011

NY TIMES - Editorial
Gov. Cuomo and Public Pensions Published: June 9, 2011

RESPONSE FROM ARTHUR CHELIOTES

The inconsistency between the editorial supporting the governor’s new pension proposal makes readers wonder if the editorial board has read The NY Times Business Section Investigative reporters who have done wonderful work exposing the massive fraud committed against pension funds including the state and city pension funds. If they had, they would know that the reason for the increase costs was due in large part to the 2008 crash. They would also know that the state and local budget crisis was due revenue reductions not increased expenses out of pace with inflation.

Yet there is no editorial support for proposed changes in the law known as the Martin Act that is being blocked by Wall Street interests at the state legislature that would allow billions of dollars in losses to state and city pension funds due to fraud to recover taxpayer and employee contributions. The state comptroller and attorney general support the change in the Martin Act but the governor’s silence is deafening. The city comptroller supports this fiscally sound change in the law. The mayor does not, he would rather city workers and taxpayers pay for the pension fund losses due to fraud not his Wall Street clients who defrauded the funds.


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NEW YORK CITY COUNCIL MEMBERS

NEW YORK CITY COUNCIL MEMBERS

NAME	DISTRICT	BOROUGH	POLITICAL PARTY
Maria del Carmen Arroyo	17	Bronx	Democrat
Charles Barron	42	Brooklyn	Democrat
Gale A. Brewer	6	Manhattan	Democrat
Fernando Cabrera	14	Bronx	Democrat
Margaret Chin	1	Manhattan	Democrat
Leroy G. Comrie, Jr.	27	Queens	Democrat
Elizabeth Crowley	30	Queens	Democrat
Inez E. Dickens	9	Manhattan	Democrat
Erik Martin Dilan	37	Brooklyn	Democrat
Daniel Dromm	25	Queens	Democrat
Mathieu Eugene	40	Brooklyn	Democrat
Julissa Ferreras	21	Queens	Democrat
Lewis A. Fidler	46	Brooklyn	Democrat
Helen D. Foster	16	Bronx	Democrat
Daniel R. Garodnick	4	Manhattan	Democrat
James F. Gennaro	24	Queens	Democrat
Vincent J. Gentile	43	Brooklyn	Democrat
David G. Greenfield	44	Brooklyn	Democrat
Sara M. Gonzalez	38	Brooklyn	Democrat
Daniel J. Halloran	19	Queens	Republican
Vincent Ignizio	51	Staten Island	Republican
Robert Jackson	7	Manhattan	Democrat
Letitia James	35	Brooklyn	Democrat
Peter Koo	20	Queens	Republican
G. Oliver Koppell	11	Bronx	Democrat
Karen Koslowitz	29	Queens	Democrat
Brad Lander	39	Brooklyn	Democrat
Jessica S. Lappin	5	Manhattan	Democrat
Stephen Levin	33	Brooklyn	Democrat
Melissa Mark-Viverito	8	Manhattan	Democrat
Darlene Mealy	41	Brooklyn	Democrat
Rosie Mendez	2	Manhattan	Democrat
Michael C. Nelson	48	Brooklyn	Democrat
James S. Oddo	50	Staten Island	Republican
Annabel Palma	18	Bronx	Democrat
Christine C. Quinn	3	Manhattan	Democrat
Domenic M. Recchia, Jr.	47	Brooklyn	Democrat
Diana Reyna	34	Brooklyn	Democrat
Joel Rivera	15	Bronx	Democrat
Ydanis Rodriguez	10	Manhattan	Democrat
Deborah Rose	49	Staten Island	Democrat
James Sanders, Jr.	31	Queens	Democrat
Eric Ulrich	32	Queens	Republican
James Vacca	13	Bronx	Democrat
Peter F. Vallone, Jr.	22	Queens	Democrat
Jimmy Van Bramer	26	Queens	Democrat
Albert Vann	36	Brooklyn	Democrat
Mark Weprin	23	Queens	Democrat
Jumaane D. Williams	45	Brooklyn	Democrat
Ruben Wills	28	Queens	Democrat

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