Former mayor of New York Rudy Giuliani had an interesting year 2023 which allowed him recently declared bankruptcy.
Giuliani’s financial decision follows a recent court ruling and a new report says the former mayor could have been in a better financial situation if he had filed for a pension.
What happened: Giuliani’s decision to declare bankruptcy came after a a court decision declared him responsible for defamation against two Georgia 2020 election officials.
The former mayor will have to pay $148 million to Ruby Freeman And Wandrea “Shaye” Mousse, unless the result of an appeal. Giuliani made statements about the two workers, falsely claiming that Trump lost the 2020 election due to voter fraud in the state of Georgia.
The 79-year-old former mayor did not request a pension from the government, according to a report from the New York Post. The taxpayer watchdog group, the Empire Center for Public Policy, obtained the city’s payroll records and uncovered the Giuliani-related findings.
Giuliani left the mayor’s office in 2001 and could have received annual payments of about $26,000 after he turned 62. Over the past 17 years, Giuliani could have collected $442,000 from pension payments.
“Giving back to the city I love,” Giuliani told the Post, explaining why he never applied for a pension. “Even though I’d like to take it now.”
Giuliani admitted he didn’t “know how to go about” applying for his pension.
The report says Giuliani also does not receive a federal pension related to his tenure as U.S. attorney in New York.
A 2007 disclosure showed that Giuliani contributed to New York City’s deferred compensation plan, which he valued at between $50,000 and $100,000 during his 2008 presidential campaign.
Related link: Pension or retirement savings
And after: Giuliani said he would appeal the 2020 election ruling against Georgia workers.
Giuliani’s lawyer said the failure of the appeal “would be the end of Mr. Giuliani” and called the ruling “the civil equivalent of the death penalty.”
In his bankruptcy filing, Giuliani disclosed assets of between $1 million and $10 million and liabilities of between $100 million and $500 million.
Giuliani also faces several other lawsuits related to the 2020 election, Hunter Biden, Smartmatic, Dominion Voting Systemsa former aide and his own lawyers.
Like the former president Donald TrumpGiuliani could have multiple trials and court appearances related to past accusations during the 2020 election and other events.
Giuliani said his finances had taken a hit due to his numerous legal challenges. The former Trump lawyer also had his law licenses suspended in New York and Washington, DC.
Read next: Trump’s former personal lawyer Rudy Giuliani sues Biden for defamation over ‘Russian pawn’ remark
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