Despite being plagued with scandals that caused him to walk away from an office he held for three terms, disgraced New York Gov. Andrew Cuomo will still be able to collect a $50,000 a year pension for the rest of his life.
Cuomo managed to accrue such a hefty sum due to his 15 total years of public service that breaks down to four years as New York’s attorney general and eleven as the state’s governor.
The Empire Center for Public Policy based the $50K a year price tag off of Cuomo’s $225,000 annual pay coupled with his years in public service and came up with a figure that amounts to $4,222 a month payments from the state throughout his lifetime.
Even though he resigned and managed to side-step impeachment, Cuomo is still eligible to receive the funds.
However, there is a caveat… Cuomo can have his pension reduced or revoked if he’s convicted of a felony, through the Public Integrity Reform Act, which ironically, he approved during his first year as governor in 2011.
Current legislation has been introduced to revoke the pension of a public officer who is removed from office and would apply retroactively.
“If a public officer was so unfit to serve the residents of New York that he or she was impeached and removed from office then the individual should be fully precluded from receiving any taxpayer-subsidized pension benefits upon retirement,” the bill’s justification reads.
Despite resigning on Tuesday, Cuomo will still remain in office for the following 14 days, which could allow the impeachment process the New York State Assembly Judiciary Committee has begun to continue according to NYS Assembly Majority Leader Crystal Peoples-Stokes.