Pensions for teachers and administrators
Retired teachers and school administrators were eligible to receive $513.3 million in pension payments in 2013, according to data from the state's Teacher Retirement System, and Long Island educators are receiving 19 of the 20 highest pensions in the state. Fifteen of those educators are pictured below, and you can scroll over their photos to see their maximum monthly payment. The table below the photos lists the maximum monthly payment, including cost-of-living adjustments, for former educators in 2012 and 2013. The information is a public record and was obtained under the Freedom of Information Law.
In cases where a retiree chose to provide death benefit coverage to a beneficiary, the member's maximum monthly benefit payment is reduced by the actuarial cost of that option. The information provided in the "Last-known employer" column refers to the participating retirement system employer that most recently reported earnings for the member prior to his or her retirement from system. This may or may not be the member's last employer. The state does not have comprehensive employer data for members who retired prior to 2004. Clicking on the monthly maximum column will sort the table in ascending or descending order.