Quote:
Originally Posted by pointman
Here is a fact. Retirement pensions will cost New York City taxpayers $8.7 billion in 2012, up from $1.5 billion in 2002. Please tell me under what model that is equitable or sustainable?
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The model where you promised that benefit to people, if they would work a lifetime for you and the public sector, and now you have to pay them what you've promised them over the past decades.
Gee. It's not like this is any surprise. Considering the city itself negotiated and agree to pay these benefits.
Duh.