# Prof. Robert Whitelaw on the recent NYPD and FDNY pension payment error

1 Faculty News May 2, 2014 ![](/sites/default/files/styles/246w/public/assets/images/con_030509.jpg?itok=lWhs8PD7)>

Excerpt from [New York Daily News](http://www.nydailynews.com/new-york/nypd-retirees-mistakenly-pension-payments-article-1.1775449#ixzz30Z5A8aLd) -- "The city would have also lost interest — about $175,000 worth — on the $300 million if they had let the money go, according to Professor [Robert Whitelaw](http://www.stern.nyu.edu/faculty/bio/robert-whitelaw), the chair of the finance department at NYU’s Stern School of Business."

[Read more](http://www.nydailynews.com/new-york/nypd-retirees-mistakenly-pension-payments-article-1.1775449#ixzz30Z5A8aLd)