Wednesday, February 11, 2015

Sen. John Defrancisco will almost double his base salary with his pension when he double dips this year.

SYRACUSE, N.Y. - New York State Sen. John Defrancisco, R-Syracuse, will almost double his base salary with his pension when he double dips this year, according to the final calculation from Comptroller Tom DiNapoli's office.

DeFrancisco took advantage of a loophole for certain elected officials when he filed papers to "retire" Dec. 31, then return to his same job as a state senator on Jan. 1.

He will be paid $72,672 a year from the state pension fund, a DiNapoli spokeswoman said.

That is in addition to his base salary of $79,500. DeFrancisco is also paid a stipend, nicknamed a "lulu," of $34,000 a year for serving as chairman of the Senate finance committee.

In 2014, he made $113,500 with lulus and another $10,508 for travel expenses.

If you plug his new salary and pension into last year's list of top legislators' pay, DeFrancisco would now rank third in the state with a total of $186,172.

Read more: http://www.syracuse.com/politics/index.ssf/2015/02/sen_defrancisco_will_almost_double_base_salary_with_pension_checks.html#incart_river

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