Cuomo files claim for retirement benefits following decision to quit

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(Bloomberg) – New York Gov. Andrew Cuomo filed for retirement benefits on Tuesday, following his decision to step down last week amid a sexual harassment scandal.

The official retirement deposit allows Cuomo to receive a monthly retirement payment from the state after more than a decade of public service. The three-term Democrat may be eligible to receive at least $ 50,000 a year in state retirement benefits, according to the Empire Center, an Albany watch group. The payment could potentially be revoked if convicted of a felony, the group said.

Cuomo, 63, still faces possible criminal charges, as well as state and federal investigations into the conduct of his administration. The New York Assembly has said it will continue to gather evidence and publish the findings of an impeachment inquiry. The Assembly said it would not continue to pursue impeachment proceedings due to constitutional questions regarding the impeachment of someone who was no longer in public office. Impeachment does not prevent officials from receiving their state pensions, according to the Empire Center.

Read more: New York Assembly to release Cuomo report despite dropping impeachment

The governor said he would officially step down at 11:59 p.m. on August 23. Lieutenant Governor Kathy Hochul will take over on August 24 and serve as the reminder of Cuomo’s tenure until 2022.

Cuomo’s retirement is effective September 1, according to Tania Lopez, spokesperson for the Office of the State Comptroller. His current salary is $ 225,000 per year. Cuomo’s office did not immediately respond to a request for comment.

© 2021 Bloomberg LP


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