Wonder how this will impact the perceived double dipping that takes place next door in Jersey?  From Newsday.com:

State legislators and New York Attorney General Andrew Cuomo have agreed on a sweeping package of pension reforms that increase the penalties for pension fraud and close the loopholes that have allowed some retirees to collect six-figure salaries on top of six-figure public pensions.

“No more pension schemes, no more gaming the system,” said Assemb. Robert Sweeney (D-Lindenhurst), one of four state legislators who joined Cuomo in a hearing on public pension abuses in May.

The reforms, which follow a series of Newsday stories on pension abuses, are expected to be announced today. Although the legislation still has to come up for a vote within the next few days, insiders said they expected it to pass and called it one of the most important achievements of the session. Both Assembly Speaker Sheldon Silver and Senate Majority Leader Joseph Bruno have been involved in months of negotiations, Cuomo said.

Several legislators said they were prompted to act, in part, because of an onslaught of letters, e-mails and phone calls from constituents furious about pension abuses.

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