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Name: |
lucky67
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Subject: |
pensions
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Date:
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7/15/2020 6:19:20 PM
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as ive pointed out before UN FUNDED pensions are a bomb waiting to explode--NY City's disclosed 9 (sic.) unfunded obligation exceeds $120 Billion--yes Billion--so all the cops retiring better hope they get their promised $$ --somehow ; and Chicago isnt far behind NYC in defecit liability--wonder why some smart journalist doesnt report on this nightmare ???
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PTClakefan
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Subject: |
pensions
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Date:
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7/15/2020 8:57:34 PM
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That problem is not unique to those cities. Underfunded pensions, both public and private industry are a big problem nationwide. In some cities, monthly individual pension payments for police, firefighters, teachers, etc. can equal or exceed the amounts the pensioner would make if he/she were still working full time. It is somewhat akin to a ponzi scheme; it works for a while, until it doesn't and then bad things happen.
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