State ComptrollerThomas P. DiNapoliis administrative head of NYSLRS and trustee of theNew York State Common Retirement Fund, which was valued at $267.4 billion as of March 31, 2024. The Fund is widely recognized as one of the best-managed and best-funded public pension plans in the nation....
The money in the account is invested, and the amount the employee has at retirement is based on investment returns. A market downturn can affect the value of the benefit and employees risk outliving their money. When Retirement Benefits Get Reduced In an effort to cut costs, some state ...
New York court rules suspension of pension benefits violates Employee Retirement Income Security ActHelen Nguyen
Lew has been representing claimants in Social Security Disability, Long Term Disability, New York State Employee Retirement, and related disability claims since his graduation from Albany Law School in 1979. Read More Michael E. Quiat Michael E. Quiat, a NJ state disability lawyer has been prac...
Education: New York University As a law school student, Nicole Marimon thought criminal law meant litigation or working in the prosecutor’s office. “I didn’t know of ERISA. I hadn’t taken labor law classes,” she says, referring to the Employee Retirement Income Security Act, which sets...
TheNew York State Department of Labor(NYSDOL) is the agency that manages the unemployment benefit insurance program for the state. They determine whether a claimant is eligible and calculate the amount of weekly benefits they will receive. This process is started when an out-of-work emplo...
February 8, 2024 – According to the Empire Center, an independent, non-partisan, non-profit think tank based in Albany, the number of retirees eligible for $200,000+ pensions from the New York State and Local Retirement System (NYSLRS) reached 54 last year, according to new data posted ...
Nearly half of Americans approaching retirement have less than $25,000 in savings, according to a survey by the Employee Benefit Research Institute. One out of four workers do not even have $1,000 socked away. More than two-thirds of Latino workers don’t have retirement accounts, according...
The California program, CalSavers,against a challenge that it was pre-empted by the Employee Retirement Income Security Act (ERISA). As Loebl explains, the primary bases for this decision are that the program is not run by a private employer and that employers maintaining ERISA retirement plans...
Additionally, New York State has promulgated apaid vaccination time mandate.On March 12, 2021, former Governor Andrew Cuomo signed a new law granting employees paid leave time to receive COVID-19 vaccinations, enacted under Labor Law § 196-c. According to the law, each employee is to be p...