Rudy Giuliani says he regrets not having pension as he faces devastating $148m legal payout

Link: https://www.aol.com/news/rudy-giuliani-says-regrets-not-194510062.html

Excerpt:

Former New York Mayor Rudy Giuliani said he regrets not taking a city pension now that he’s facing a $148m civil court payout for defaming a pair of Georgia election workers.

The former mayor has since filed for bankruptcy, according to the New York Post.

Empire Centre for Public Policy, a taxpayer watchdog group in New York, found no evidence of Mr Giuliani ever filing to receive a pension.

Had he applied, he would have been eligible for approximately $26,000 per year once he turned 62.

The former mayor would have an extra $442,000 in his coffers if he had applied for a pension.

When The New York Post asked him why he never took a pension, he suggested he was “giving back to the city I love.”

“Although I would like to take it now,” he added.

The former mayor then admitted that he also didn’t “know how to go about it.”

He also is not receiving a federal pension for the time he spent working as Manhattan’s US Attorney and for other government work he performed.

Author(s): GRAIG GRAZIOSI

Publication Date: 1 Jan 2024

Publication Site: Independent UK via AOL

7 Investigates: Federal Pension Problems

Excerpt:

The average pension is processed in two to three months.

So why wasn’t Karen getting her checks?

The government agency that processes pensions for federal workers, the Office of Personnel Management, tells 7-Investigates it has a backlog of more than 25,000 and that “the COVID-19 pandemic has disrupted normal operations.”

An agency spokesperson says that’s because the work is “paper-based,” and need to be shared with different agencies.

Anna-Marie Tabor, director of the Pension Action Center at UMass Boston, says that’s surprising to hear.

“It’s a big problem especially during the pandemic when people can’t just go into the office and pull out a box of documents. These records really should be converted to electronic documents so that they can be accessed in 2021, especially in case of a pandemic,” says Tabor.

Author(s):

Publication Date: 18 May 2021

Publication Site: 7 News Boston