City pension administrator Daniel Miller, who lied about a job offer to gain a large boost, will be kept on staff but will see his salary cut by 24 percent.
BERS general attorney Alexander Kazazis told The Post that Miller, 41, had his compensation reduced this month from $262,650 to $200,000. Miller was the deputy executive director of the Board of Education Retirement System.
Miller’s compensation was reduced, according to Kazazis, because of a decision made by BERS executive director Sanford Rich.
Because Miller lied that an Ohio pension system had offered him a job at that level, Rich handed Miller a $28,549 raise, bringing his total salary to $255,000 in 2018.
Miller’s salary increased even more after he was promoted to manager.
Kazazis said that Miller will remain in his current role.
His new responsibilities will be “enhancing the efficiency of BERS divisions.”
As city Comptroller Brad Lander requested a state investigation of BERS for mismanagement, excessive expenditure, and the failure to sanction Miller, the board decided to reduce Miller’s compensation.
The Post’s request to BERS was the first time Lander learned of the modifications; he is a member of the city’s pension boards.
While it’s encouraging to see some repercussions for wrongdoing, it’s puzzling that trustees weren’t made aware of these measures until The Post inquired about them.
Lander expressed continued concern that BERS’ pension beneficiaries were not adequately protected by the board’s lack of governance and oversight procedures.