NYC pension executive who lied to get fat raise has salary slashed by 24%

The Bobster

Senior News Editor since 2004

NYC pension executive who lied to get fat raise has salary slashed by 24%​



By
Susan Edelman


March 25, 2023 12:55pm
Updated





Daniel Miller.
Daniel Miller had his salary slashed this month from $262,650 to $200,000. AVCA 2022 Conference






Daniel Miller, the city pension bureaucrat who lied about a job offer to get a huge raise, is keeping his job — but with a 24% pay reduction.
Miller, 41, deputy executive director of the Board of Education Retirement System, had his salary slashed this month from $262,650 to $200,000, BERS general counsel Alexander Kazazis told The Post.
BERS executive director Sanford Rich made the decision to cut Miller’s salary, Kazazis said.
It was Rich who gave Miller a $28,549 pay hike to $255,000 in 2018 after the deputy falsely claimed an Ohio pension system had offered him a job at that level.
Managerial raises hiked Miller’s paycheck further.
Miller will keep the same title, Kazazis said.
His new duties will “focus on improving performance of BERS departments.”
The salary slash comes after city Comptroller Brad Lander called on the state to investigate BERS for mismanagement, excessive spending, and because it had failed to discipline Miller.

Brad Lander.Comptroller Brad Lander previously called on the state to investigate BERS for mismanagement.Stephen Yang Sanford Rich.The decision to make the wage cut came from Sanford Rich, according to Alexander Kazazis. BERS

What do you think? Post a comment.

Lander, who sits on the city’s pension boards, said he was not informed about the changes until BERS answered an inquiry by The Post.


“While we’re glad to see any consequences for malfeasance, why was the board not informed of these actions until The Post reached out to trustees? We continue to be concerned that the board does not have sufficient governance and oversight controls in place to protect BERS’ pension beneficiaries,” Lander said.
 
Back
Top