Pension report shows that a historian continues to be the highest paid pensioner in New York State education system

Historians in the News
tags: pensions

Related Link In defense of his pension given his unusual circumstances

The pension king continues to be Edgar McManus, 93, a retired Queens College history professor who raked in $561,286 last year. The Manhattan resident retired in February 2012 after more than 50 years on the job. His final salary was $116,364.

The second-biggest pension, $436,391, went to DOE employee Mary E. O’Brien, who retired in July 2012.

“We can’t say exactly what was responsible for the jump, but it’s a trend we’ve seen across the state where taxpayers are on the hook for an increasing number of six-figure pensions,” Empire Center analyst Ken Girardin told The Post.

Unlike many pensions from private companies, public pensions in the city and the state “aren’t fixed and often rise from cost-of-living adjustments,” Girardin said.

Factoring in his World War II military service, McManus, who called it quits at 88, was credited with 61 years of service.

McManus, a widower who turns 94 in March, is beating the odds.

“I must have disappointed them. They thought I was going to die on the spot,” he told The Post last week.

“Everybody enjoys being Number 1,” he said. “It’s better than being Number 2, isn’t it?”

Read entire article at NY Post