Here are some numbers to stifle: New York City public pension annual cost has increased from $1.5 billion today to $ amazing 7.8 billion a decade ago. The difference of $6.3 billion more is what City Hall on the NYPD and FDNY spend next year--combined.
Municipal pension expenditure has amazing 499 percent, according to a new report from NY leaders for pension reform, a bipartisan group of mayors and lobbying Albany county executive Governor Cuomo pension reform plan passed has increased.
The city is not alone.
The overall burden on local governments has risen 630% since 2002, and every corner of the State, according to the NY Guide Web site suffering is:
North country: You have pension costs in Plattsburgh, 1,228 percent scored.
Southern tier: In Jamestown, pension costs have risen 1.429 per cent.
Western New York: In Monroe County, the pension costs have shot 1,111 per cent.
Center in New York City: Onondaga County costs exploded 3020 percent.
Hudson Valley: In Orange County, costs have gone 2.990 percent.
Long Iceland: 904 Percent are Suffolk County costs.
It would be bad enough if pension costs of only the inflation rate doubling were - about 30 percent since 2002. But Onondaga County alone costs have shot up to almost 100 times inflation.
It goes without saying, that the current system needs - to change which is why it is important, Albany to pass Governor Cuomo animal VI pension plan, came to retirement age and contributions.
The common sense plan only affects new employees - but the expected savings are real money: as much as $80 billion over the next 30 years. Always assuming of course, that Albany is damaged culture to sweeten not benefits in the coming years.
Speaking of corruption, New York are public employees trade unions up to their old tricks. You have been eager to try buying up the pension reform process derailed members of the legislature (Albany Dems get posts 20 percent of their campaign by public sector unions).
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