ALBANY — An ethics proposal from the Democrat - dominated New York State Assembly would set a much
higher limit on outside income than one suggested by Gov. Andrew M. Cuomo, allowing the state's part - time legislators to earn tens of thousands of dollars in addition to their $ 79,500 base salary.
The Assembly majority's ethics plan, released after 5 p.m. on Friday, would set a much
higher limit on outside income than one suggested by Cuomo, allowing the state's part - time legislators to earn tens of thousands of dollars in addition to their $ 79,500 base salary.
Not exact matches
Commissioners did say, though, that they would back a «modest» salary increase sometime in the future if the Legislature decides to remain a part - time body and a «substantially
higher» increase if lawmakers change their status to full time and adopt strict
limits on outside income.
They did say, though, that they would back a «modest» salary increase sometime in the future, if the legislature decides to remain a part - time body and a «substantially
higher» increase if lawmakers change their status to full - time and adopt strict
limits on outside income.
Rationalization No. 2: Getting pols to agree
on certain
high - concept reforms, such as switching to a full - time Legislature and strictly
limiting outside income, is also futile.
- Provide liquidity
outside of qualified plans like roth IRA, IRA, 401k, 403b, defined benefits etc which have
high restrictions
on access to the money, potential withdrawal fee's, federal and state
income taxes, age requirements, req min distributions potenially,
limited access to funds (lesser of 50 % of 50k
on 401k's), guidelines to adhere to, and more