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Retired DSNY Sanitation Worker Has $285K Per Year Pension

Eugene Egan is collecting such an amount due to an old pension program.

Eugene Egan, an 86-year-old retired worker for the New York City Department of Sanitation (DSNY), is reportedly collecting a pension of $285,047 a year, according to new data released by the Empire Center for Public Policy.

Egan, who served as director of labor relations for years, was earning $128,189 when he retired in 2015, and because he joined the department before July 1973, he was enrolled in the Tier 1 pension, a generous plan that no longer is available.

New York Post has more information:

Egan wouldn’t break down the details of his sweet Tier 1 deal, which is no longer available to today’s city workers. The average Department of Sanitation pension is $49,405, according to the Empire Center.

“You retire. That’s it,” he snapped, before shutting the door on a Post reporter, instructing him to “get an honest job.”

There are only 853 active Tier 1 members left in Gotham, according to the Comptroller’s Office.

But the eye-popping pensions still show the city should move toward defined contribution systems like 401(k) plans instead of such unsustainable schemes, according to Citizens Budget Commission vice president Maria Doulis.

Read the full story here.

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