UAlbany president's pension is head of the class

Thumbnail image for Thumbnail image for UAlbany walkthrough fountainUAlbany president George Philip has the largest annual pension benefit among retired state and local government employees, according to figures published today by the Empire Center. The annual total: $261,037.

Philip racked up the pension working for the New York State Teachers' Retirement System between 1971 and 2007. He eventually served as chief investment officer and executive director of the fund that was then worth $105 billion, according to his UAlbany bio.

The Empire Center's SeeThroughNY database reports that Philip made $282,906 last year as president of UAlbany. That made him the fourth highest paid employee at the university (Alain Kaloyeros topped the chart at $734,353).

The think tank added pension data to the database this week. The average annual pension benefit for people in the system that includes Philip is $25,947, according to the Empire Center.

[via the ASP]

Earlier on AOA: RPI's Jackson tops compensation chart

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It may be informative to note that the "Empire Center," part of the "Manhattan Institute," is a conservative think tank funded by business and industry, and is not necessarily an unbiased source of information.

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